If you’re keeping track at home, global equities just posted their sixth consecutive weekly gain.

That’s what stocks do: They go up. If you say otherwise — and particularly if you say otherwise in client notes — you better be right. To be a bear in a bull market is to incur significant career risk.

Thankfully, Wall Street severance packages can be generous. Sometimes it’s better to leave than to stay. I’m just joking. Except not.

Anyway, global equities took in more than $10 billion over the latest weekly reporting period.

As the figure shows, it was the 12th consecutive weekly inflow. So far, 2024 has seen just five net weekly outflows.

The latest haul brings the YTD cumulative total to $252 billion. The split’s $469 billion to ETFs and $217 billion from mutual funds.

The figure below shows you the granular breakdown by region / market.

There was only one real setback: In April, when stocks were briefly tripped up.

US equities took in a net $5.1 billion over the last week, pushing the YTD net inflow to US-focused stock funds beyond $146 billion — so, more than half of the total globally.

By contrast, EU equity funds saw redemptions in all but three of this year’s 28 reporting weeks. Japanese shares enjoyed virtually unabated inflows through May, before redemptions started.

The DM/EM split is $181.7 billion to developed market equity funds and $70.5 billion to EM. The US accounts for the lion’s share of DM inflows.

Within US equities, there’s a remarkable juxtaposition between value-focused funds and large-cap funds. The latter are on track for a near-record $280 billion of inflows this year, while the former are poised to see a net $60 billion in redemptions, the second most ever.