FYI: If the direction of asset flows out of stock funds and into bond funds this year is any kind of guide, investors are seeking shelter and yield in fixed income. But they could be getting neither.
Through the end of June, U.S. equity mutual funds experienced $56.2 billion worth of net outflows, while U.S. bond funds added $73.5 billion in net inflows.
Regards,
Ted
http://www.investmentnews.com/article/20160804/FREE/160809953?template=printart
Comments
http://www.mutualfundobserver.com/discuss/discussion/comment/79405/#Comment_79405
(though you focused on a different portion of the article)
Regards,
Ted
@Ted- Nah, don't take this so hard!
Regards,
ted
You've worked and studied hard.........you are deserved of sufficient reward......
Regards,
Catch
Last World Series title.108 long years ago.
1908 Chicago Cubs Won World Series (4-1)over Detroit Tigers
Cubs Franchise History
http://www.baseball-reference.com/teams/CHC/
Immigration and Brexit
Jeremy GranthamJuly 2016
[On the investment front the equation remains the same: pushing stock prices higher are the twin forces of the Fed’s policy and corporate buybacks. Trying to push prices down is an impressive array of everything else: disappointing productivity, growth, and profit margins together with all
our domestic and international political uncertainties. And now Brexit! It is a testimonial to the strength of those two bullish forces that they can steady the US market near its high, regardless, apparently, of what is thrown at it. I therefore remain, on the basis of those two remarkable pillars of support, for at least one more quarter where I have been for the last two years; despite brutal and
widespread asset overpricing, there are still no signs of an equity bubble about to break, indeed
cash reserves and other signs of bearishness are weirdly high. In my opinion, the economy still has
some spare capacity to grow moderately for a while. All the great market declines of modern times
– 1972, 2000, and 2007 – that went down at least 50% were preceded by great optimism as well as
high prices. We can have an ordinary bear market of 10% or 20% but a serious decline still seems unlikely in my opinion. Now if we could just have a breakout rally to over 2300 on the S&P 500 and a bit of towel throwing by the bears, things could change. (2300 is our statistical definition of a bubble
threshold.) But for now I believe the best bet is still that the US market will hang in or better, at least through the election.
P.S.: Having admitted my error in commodities, I would like to clock in the
seventh anniversary of my “7 Lean Years” prediction for the economy back in 2009. The speed of the
recovery, and particularly productivity gains, has been very lean indeed.]
https://www.gmo.com/docs/default-source/research-and-commentary/strategies/asset-allocation/immigration-and-brexit.pdf?sfvrsn=11
Regards,
Ted