Chris, man, raining cats and dogs here, are you getting it?? I had a wheel barrel sitting upright out back, rain filled the whole thing up.
I'm not ruling out an August rally, it could happen, maybe a small one.
Trimtabs is showing fund outflows, 401k money doesn't have to go into equity funds, it can go into bonds, money markets, etc..
AMG data showed something interesting on Thursday, money market funds lost 8.5 billion, while equity funds lost also, and bond funds. This money market cash was sidelined money, where did it go?? I know what my mom did with some her money market fund cash, she bought a new kitchen, LOL. |
