Long Japan Hedged…Central Bank now Buying Stocks.
Read Full Gundlach Comments
http://www.barrons.com/articles/2017-roundtable-part-2-manual-for-a-mixed-up-market-1484976857?tesla=y&mod=BOL_twm_ls
https://am.jpmorgan.com/blob-gim/1383280028969/83456/jp-littlebook.pdf
Euphoria? Okay, sure. Maybe in word, but not in deed. Here’s Oppenheimer’s Ari Wald highlighting a divergence that merits attention…
While newsletter surveys are signaling optimism, recent fund flow data suggests that investor skepticism still lingers. For instance, ICI estimated a $2B net outflow from domestic equity ETFs and mutual funds for the week of Jan 6 which marks the first redemption since the US election. What investors are doing is often more important than what they’re saying, and we therefore view this lack of euphoria as a positive for the overall equity cycle.
From Josh Brown Blog
http://thereformedbroker.com/2017/01/17/chart-o-the-day-bullish-but-selling/
