The Investment Company Institute reported that almost $5-billion flowed into Domestic Equity Long-term Mutual Funds for the week ending 9 February (the most recent reporting date). This is higher than the previous 2-weeks combined and is probably the reason for the continued rally in stocks.
Our Navigate the Stock Market analysis also continues its trend – there is no change in the outcome and we are still a HOLD; that means we are still holding our long position.
