1.Flows into U.S. Equities NOT Signaling Any Top. Negative flows into U.S. equities are not a common factor of tops in market.
See how Equity MF + ETF
fund flows positive into $SPX peaks in 2000, 2007 and 2015. Now, negative flows the past 3 quarters. Those negative flows have mostly corresponded to future $SPX gains
From Dave Lutz at Jones Trading
Continue reading 1.Global 2018 Returns Red https://pensionpartners.com/ From Dave Lutz at Jones Trading
Continue reading 1.Growth Outperformed Value by Most in Aug. Since Feb. 2009. SPDR Funds. https://global.spdrs.com/blog Continue reading 1.Longest Equity Bull Ever Without 20% Correction.
A 20% decline for the market, representing the typical definition of a bear market for an asset, hasn’t occurred in years (see chart below), according to Goldman, and may be halting for investors that have grown accustomed to this current phase of mostly levitating markets.
A stock-market bear signal is at a more-than-4-decade high, says GoldmanMark DeCambre https://www.marketwatch.com/story/a-stock-market-bear-signal-is-at-a-more-than-4-decade-high-says-goldman-2018-09-06
Continue reading 1.It’s An All U.S. Growth Year. Global Developments: This chart shows the equity market performance for select economies.
Source: Fitch Solutions