Home on The Street, Retail Investors Come Off of the Sidelines
Retail investors plowed more cash into the markets last week, delivering US-based taxable-bond and international stock funds their 14th week running of inflows, the data showed Wednesday.
Stock mutual funds and ETF’s (exchange-traded funds) netted $9.1-B during the week ended 8 March 8, while bond funds attracted $6.9-B.
Commodity funds, including those that buy safe-haven Gold, posted $663-M in their largest week of withdrawals since December.
The buying spree this year marks a sharp departure from investors’ hesitance through much of Y 2016, and it comes even as some money managers warn about richly valued US stock and corporate bond markets.
There has been a huge demand for fixed income and for yield in this environment, as equity valuations as are at stretched marks in here.
|NYSE:SPY||238.95||15 March 2017||2.05||237.56||239.44||237.29||94,446,800|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.44)||Bullish (0.29)||Very Bullish (0.50)||Very Bullish (0.54)|