I think fund flows are kinda like the employment numbers. A step above holding your finger in the air. So managed global funds had huge withdrawals in January. Where did the money go? Mattresses and ETFs?
Al_Dente wrote:January flows:
$10.55 billion in OUTFLOWS from SPY
$3.4 billion in OUTFLOWS from IWM
And on the inflow side, looks like funds are flowing into emerging markets and various bond ETFs
Trades with cats wrote:I think fund flows are kinda like the employment numbers. A step above holding your finger in the air. So managed global funds had huge withdrawals in January. Where did the money go? Mattresses and ETFs? flowed into various bond ETFs, as shown
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
If ES 2698 doesn't hold then the bad day target from FT71 this morning is 2691. By the way his most optimistic upside was 2717. He did not expect this drop after hitting the upside target.
Testing the overnight low ES 2696.25. Wasn't expecting an ugly close. Maybe the funds will jump in here so they can be long over the weekend so as to capture all the positive moves from China and Europe.
Everybody saw the Chinese economic numbers and of course the British Prime Minister is putting on her Don Quixote armor for her trip to Brussels. Cue "To Dream the Impossible Dream".
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