Halfway To $1 Trillion And A Trio Of Summer Calls
If you were wondering whether inflation worries and the stunning miss on US nonfarm payrolls left investors averse to stocks (as an asset class), the answer would appear to be a resounding "no."
Nearly $26 billion flowed into global equities over the latest reporting period (figure below). $9.1 billion went to US shares.
That brings the YTD total to $482 billion.
Previously, I suggested that annualizing the flows data or otherwise extrapolating on the way to suggesting what the deluge porte
From my perspective listening to a few people in my circle. People are planning some epic vacations come summertime. So now towards the tail of the lockdown where we’re still wearing masks, these people have not up there spending from what they’ve had.
My spec portfolio is (over) concentrated in small cap biotechs. It has been a brutal four weeks.