EU Recovery Funds and Proposed Allocation of Fund by Country The European Commission is proposing a 750 billion euro recovery fund. This chart shows who gets what as a percentage of GDP. Image: Oxford Economics
Hedge Funds – Net Buys Hedge funds aren’t chasing the current market rally, and are net sellers since late April 2020. Image: BofA Securities
Long/Short Hedge Funds Beta to Mega Cap Growth Stocks Hedge funds aren’t chasing the current market rally, as long/short hedge funds beta to the mega growth stocks is below historical average. Image: Deutsche Bank Asset Allocation
% of Large-Cap Mutual Funds Outperforming their Benchmarks While coronavirus has shaken the stock market, 45% of large-cap mutual funds have outperformed their benchmarks year-to-date. Image: Goldman Sachs Global Investment Research
Cash on the Sidelines in Money Market Mutual Funds How much cash is sitting in money market mutual funds, waiting to come back to the market? $4.8 trillion, which is about 16% of market capitalization. Image: Fidelity Investments
Expected Fed Funds Rate, Negative Interest Rates and 2-Year Treasury Yield Negative U.S. yields are in sight, as Fed funds futures for June 2021 imply an expected negative rate of -0.03%. Image: Fidelity Investments
Fed Funds Futures Curve (Interest Rates) For the first time, traders are starting to price in negative U.S. interest rates for first time. Image: The Daily Shot – The Wall Street Journal
Fund Flows – Equity, Bonds and Money Market Funds Investors frightened by the coronavirus pandemic, put a record amount of cash into money market funds. Image: Goldman Sachs Global Investment Research
U.S.: Funds Authorized by Congress Funds authorized by Congress exceed those of the Great Financial Crisis. Image: Oxford Economics
Flow of Funds Annual U.S. Treasury Purchases by Sector Money market mutual funds and the Fed will buy the vast majority of new Treasury supply in 2020. Image: Goldman Sachs Global Investment Research