Why have investors pulled $7.3 billion out of global equity funds?
It was another bleh week for the stock market, as the growing list of concerns ramped up, including another round of forecast cuts from big box retailers and department stores. As we well know, the market does not like uncertainty, so with growing conerns over global economic growth, as well as what’s looking more and more like aggressive earnings expectations in the back half of the year, it its easily understandable why some of the wind was been taken out of the market’s February to early April gains.
In this week’s Monday Morning Kickoff:
- For the eight consecutive week, mutual fund investors sold global equity funds at a net of $7.3 billion. Where did the money go and why? Read more
- The Atlanta Fed’s GDPNow forecasts and Friday’s April Retail Sales Report provide confirming signs not only of our Cash Strapped Consumer investing theme, but also Content is King and Connected Society as we see that the cautious consumer is spending, but not in the traditional sense. Read more
- From the flow of economic data this week, we’ll start to get our first look at how the domestic manufacturing economy is fairing in May, and while there are growing concerns, there are some bright spots that are catching our attention. Read more
