Leave The Stocks, Take The Gold

On the heels of a blockbuster inflow the prior week, US equity-focused ETFs and mutual funds saw the largest exodus in more than a year ahead of the March FOMC meeting. The $22 billion redemption erased nearly half of the $56 billion haul from the prior week, which counted as the single-largest inflow on record. If you bailed on risk assets because you thought the Fed might tip one fewer rate cuts for 2024 in the dot plot refresh, you made a mistake. Global equities were on track for their bes