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January Effects
So far, January hasn't been especially kind to previously-buoyant equities.
Global shares are down 1% or so in the new year, and US stocks around the same, which makes sense considering US shares pretty much are the "global" equity market by now.
Of course, it's still early. In the year, obviously, but even in the month. There's plenty of time for January to turn things around, and it's worth noting in that context that this is historically the best mont of the year for flows.
As the figure
Interesting indeed, I wonder why January is like that
H-Man, so who owns the $7 trillion on the sidelines? Main street or Wall street?
I own five of it.