Equity Fund Flows Suggest Imminent Capitulation ‘Back In’

Inflows to equity-focused ETFs and mutual funds persisted for another week, suggesting left-behind investor cohorts may be capitulating into stocks. Just when it looks like the rally may be fading, bulls find another excuse. This week it was a cooler-than-expected US CPI report and a likewise favorable read on producer prices, which are teetering on the edge of deflation (that'd be a good thing in the US as opposed to China, where the deepening PPI plunge is indicative of an anemic economic rec