- Daily Chartbook
- Posts
- "Fund flows are robust for both equity and bond funds (and ETFs), at levels now exceeding 2021"
"Fund flows are robust for both equity and bond funds (and ETFs), at levels now exceeding 2021"
DC Lite #664
Welcome back to DC Lite: Daily Chartbook’s free, entry-level newsletter containing 5 of the day’s best charts & insights.
1. SOFR futures. "Markets seem to think the doves have the upper hand, but only temporarily. If policy stays unchanged while nominal GDP/inflation runs hot amid huge fiscal deficits and the AI buildout, the Fed may eventually have to be more restrictive."
2. Long-term yields. "10y10y forward bond yields - what markets price for the 10-year yield ten years from now - are rising all over the place, but they're up most where the stock of debt is high and political dysfunction is acute."
3. Speculators vs. Bitcoin. "CME Bitcoin large speculators remain near-record long: net positioning is 18.2% of open interest, just below June's 20.6% record. Similar extremes have appeared around major longer-term BTC lows."
4. US equity fund flows. "Fund flows are robust for both equity and bond funds (and ETFs), at levels now exceeding 2021."
5. Forward earnings. "Forward earnings are rising to record highs across the S&P 500 LargeCaps, S&P 400 MidCaps, and S&P 600 SmallCaps."
Reply