Global Equity Fund Flows

Global Equity Fund Flows This great chart from Deutsche Bank shows that equity outflows over the last 6 months are now the largest on record. In 2011 and 2016, it was similar and equities rose significantly. Picture source: Deutsche Bank

Global Equity – Bond Flows

Global Equity – Bond Flows According to Bernstein, the S&P 500 not far from its all-time high, could set a new record. Picture source: Berstein Research

U.S. Equity Volatility and Global Economic Policy Uncertainty

U.S. Equity Volatility and Global Economic Policy Uncertainty The chart shows that U.S. equity volatility does not mirror global economic policy uncertainty since 2009, perhaps due to strong central bank support. Picture source: Pictet Wealth Management

Hedge Fund Equity Exposure

Hedge Fund Equity Exposure Great chart showing that hedge funds’ equity exposure is near their lowest since the global financial crisis. Picture source: J.P. Morgan

Risk Parity Funds

Risk Parity Funds Currently, risk parity equity allocations are near the top of the historical range. Picture source: Deutsche Bank Global Research

Probability of US Recession is Rising

Probability of US Recession is Rising Mike Wilson, chief U.S. equity strategist for Morgan Stanley, said that “Fed could cut as soon as July but it may not halt slowdown/recession.” Picture source: U.S. Global Investors

Why Are U.S. Banks Healthier Than Ever?

Why Are U.S. Banks Healthier Than Ever? U.S. banks are much stronger than ever. They have more capital and should withstand the next recession. See Fed’s annual stress test (Dodd-Frank Act Stress Tests): “The capital levels of the firms after the hypothetical severe global recession are higher than the actual capital levels of large banks…