Who Wants These Stocks?

Who Wants These Stocks?

2021's stock-buying bonanza took what counted as a break during the first full week of June, but it was back with a vengeance in no time. The latest weekly data showed investors poured $39 billion into global stock funds, the most since March. That brought the YTD haul to an astounding $568 billion (figure below). Back in March, I suggested it was probably foolhardy to "annualize" these weekly figures. With the year nearly half done, that no longer seems like such a stretch. On that score,
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