Boring Bears

Outflows from US equities are ongoing. If this feels a bit Phil Connors-ish to you, you're not wrong. But there's no need to check your calendar. I'm not running last week's news, unless by that you mean this week's news just happens to be the same as last week's. And the prior week's, and so on. US-focused equity mutual funds and ETFs shed more than $8.6 billion over the latest weekly reporting period, according to EPFR. It was the fifth straight week of outflows and the eighth in nine. Fo