I was puzzled why Mr Rosenborg would comment on this when the volume over the past week as low. But it is pretty bad eventually if volume doesn’t picked up even if we end up with more up days:
Stock funds suffered a net outflow of $5.6 billion last week — $5.2 billion from U.S. funds and $400 million was withdrawn from foreign equity funds. True to form, bond funds took in a net $6.8 billion after $7.8 billion of net inflow the week before. It is fascinating to see where this so-called ‘mountain of money’ the equity bulls talk about incessantly is being put to work seeing as money market funds saw redemptions of $39.7 billion last week. They are going into bonds.
- CPF Raised SA, MA and RA Interest to 4.08% p.a. Basic Healthcare Sum Rises to $71,500. - December 6, 2023
- Singapore Savings Bonds SSB January 2024 Yield Plunges to 3.07% (SBJAN24 GX24010F) - December 1, 2023
- New 6-Month Singapore T-Bill Yield in Early-December 2023 Should be Slightly Higher at 3.85% (for the Singaporean Savers) - November 30, 2023