US Stocks See More Santa Flows Amid Sentiment Shift

US equity-focused ETFs and mutual funds enjoyed an eighth straight inflow over the latest weekly reporting period. Although there are good reasons to doubt some of the "all-in" positioning narratives swirling around after last month's "everything rally," it's certainly the case that sentiment inflected meaningfully for the better over the past several weeks. And that some folks acted accordingly. Since mid-October, inflows to US stock funds come to more than $64 billion. That inflow account