About 7-billion dollars flowed into mutual funds during the 2-week period ending 17 July. This is just another indication of the topping process. Previously, money was being withdrawn. The Mutual fund players have had a history of putting money into the long-term US equity funds at or near the top. Press release at…
I have seen a number of posts about “distribution” days recently. If it is true, then the big boys want the poor saps to take stock off their hands. That is not a good sign.
Friday, the S&P 500 was up 0.1% to 1692 (rounded).