Fund Flow
April: A Good Month If You Like to Watch the Paint Dry
How dull can a market get? In April, nobody wanted to buy stocks and nobody wanted to sell, at least nobody but the program gang and dividend passers.
The Waves of Cash…An Update
In September, $3 billion was switched from money market funds to equity mutual funds and $5 billion was switched out. Over 50 investment services now make mutual fund and market timing recommendations. Herein we track the dramatic increase in fund switching and comment on the implications.
The Waves of Cash
A large and fast-growing amount of money is now flowing back and forth between money market funds and equity mutual funds. Billions of dollars are now involved each month. Are these timers right? The evidence is mixed. We do know these waves of cash are making things increasingly difficult for mutual fund portfolio managers.
View from the North Country
A preview of this issue’s “In Focus” feature on the relative attractiveness of “Zero” Treasury securities. Also, an Inflation Watch update: The caution flag is still up, but our monitoring tools are in no worse shape than a month ago. Actually, a few are just a shade less ominous.
Inside the Stock Market
The stock market is maybe half or two-thirds of the way through a secular bull move beginning in 1974. But the current cyclical bull market is no longer so healthy. Mutual fund mania continues - factoring in the May ICI statistics over the last twelve months, net cash flow into equity oriented mutual funds is now up 10.8% of assets, equaling the previous high-water marks of 1955-1957.
Inside the Stock Market
The popular market averages recorded little net change over the last five weeks even though the unweighted price indices have continued to move higher. We continue to believe the market is on pretty shaky ground near term.
Bull Market Dynamics, Inflation Watch & Mutual Fund Mania
An updated graphic and statistical comparison of the current bull market with bull markets of the past. It still appears the current inflation complacency will be upset in coming months. The public is clearly stampeding back into the equity arena, to a large degree via mutual funds.
There Is More “Public” In This Market Than You Think
Did the individual investor buy more stock in the August up blast than most think? Based on a close monthly examination of the equity oriented mutual fund statistics, it looks like it.
Perception for the Professional
March 2026 Issue
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March 2026 Issue
