You probably don’t need to be told this, but in case you were wondering, some folks bought some stocks last week.
It was a risk-on fest from the word “go” following the market-friendly outcome in the first round of the French elections and in the week ended April 26, equities saw the highest weekly inflow YTD at $17.60bn after a $0.51bn outflow a week earlier.
As you can see from the following chart, the mad dash marked the biggest weekly inflow since the election:
(BofAML, EPFR)
And it wasn’t just stocks. All told, US funds and ETFs racked up the highest total weekly inflows since the previous high of $24.89bn set in the week ended on March 18, 2015.
(BofAML, EPFR)
But it all, goddammit. Buy it all.
