“Where The Wild Flows Are”: Equity Funds See Largest Inflow In 13 Weeks Before Fed

There's been no shortage of discussion this year about flows into US equities. Over the past several weeks, more than a few commentators have suggested that the flood of Johnny—come—lately retail money into stocks may be proof that they do in fact "ring bells at the top." Of course these flows have been catalyzed and perpetuated by the "Trump trade" meme. Headlines advertising the "Trump rally" and Dow 20,000 have been plastered across every newspaper in the country, fueling retail dema