Is Europe Back? Investors Seem To Think So

US equities saw a third inflow over the latest weekly reporting period, suggesting at least some folks are buying the dip which, I should note, is a little more than a "dip" in big-tech. US-focused stock ETFs and mutual funds saw $8.5 billion of net inflows on the heels of a very pronounced dip-buying impulse the prior week. But the bigger flows story, not in magnitude but rather in terms of the zeitgeist shift, was a fourth consecutive weekly inflow to European stocks. Recall that as of mid-