U.S. equities had outflows of $4.79 billion, while $1.89 billion was withdrawn from foreign funds.
At the same time, bond funds took in $184 million, compared with outflows of $989 million the previous week, said ICI. Taxable funds had outflows of $729 million, while municipal ones added $913 million."
WSJ
Stocks: out of favor.
Bonds: out and then back in. Investors like Munis... and possibly cash?
I think that there is a palpable demand for an all-weather "safe" asset class. Treasuries do not seem to be quite "it" anymore. Gold is liked but may be experiencing too much of its own Renaissance (some say its getting ahead of itself, some say there is more room to run). Everything still seems to be kind of expensive. Do European stocks look a bit more attractive now from a relative valuation point of view?
Bonds: out and then back in. Investors like Munis... and possibly cash?
I think that there is a palpable demand for an all-weather "safe" asset class. Treasuries do not seem to be quite "it" anymore. Gold is liked but may be experiencing too much of its own Renaissance (some say its getting ahead of itself, some say there is more room to run). Everything still seems to be kind of expensive. Do European stocks look a bit more attractive now from a relative valuation point of view?
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