Market Musings: Fund Flows & Historic Performance Data Is Bullish For 2020
Fund flows, for me, has acted as the biggest signal that there is a lot more upside ahead in equities. Looking at the chart below from Raymond James, it seems that equity fund flows have been persistent since 2015. This is a good sign for bulls. Euphoria is nowhere to be found, besides mini pockets in super small subsectors like crypto (late 2017) and pot stocks (early 2019).