Flow – % Share of Rolling Three-Month ETF Inflows Investors reduced their equity exposure. Over the past 3 months, nearly 50% of all ETF inflows have funneled into HY, IG and Agg bonds. Image: Arbor Research & Trading LLC
S&P 500 Drawdown in DXY Dollar Index The U.S. equity drawdown has caused major losses for non-U.S. investors, as falling stock prices and a weaker dollar combined. This has prompted many to reconsider their currency risk strategies and exposure to U.S. equities. Image: Gavekal, Macrobond
Pullbacks on the S&P 500 While 5% pullbacks can be unsettling, they are a normal part of the market cycle and often present good entry points for traders and investors to add exposure during a bull market. Image: BofA US Equity & Quant Strategy
MSCI ACWI – Global Equities Breadth Global equity market breadth is deteriorating. Is it time to reduce exposure to risk assets? Image: Topdown Charts