Over the past week, funds have flowed out of a wide range of asset classes, amid concerns that tightening monetary policy could put the economies of major countries and regions into recession. US Treasuries and US equity funds were inflows.
According to a report by Bank of America (BofA), which quotes EPFR Global data, $ 5.2 billion was leaked from equity funds in the week leading up to the 18th. The cancellation of investment trusts was conspicuous. $ 12.3 billion outflow from bond funds. Money also leaked from money market funds (MMFs) and gold.
The market capitalization of the global stock market has lost about $ 12 trillion from its peak in March. Goldman Sachs Group’s David Kostin and JP Morgan Chase’s Marco Koranović have said concerns about the imminent recession are overkill, but strategists generally expect a further decline in stock prices.
BofA’s Custom Bull & Bear Index showed a “clear” buy signal for stocks, but strategists such as Michael Hardt recommend selling to the bear market rally. ing.
According to Hartnet, the S & P 500 Index has fallen 37.3% on average in 289 days in 19 bear markets over the last 140 years. If this is the same, the decline will continue until October, and the number of S & P 500 species will be 3000.
Among the stock funds, $ 300 million has flowed into the US stock fund. Japanese stocks were also influx. European stocks have flowed out for 14 consecutive weeks.
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">Mass Outflows Hit Every Asset Class as Recession Fears Climb (1)（抜粋）
