2020-06-25 14:51:59, , www.FTPortfolios.com
Content Categorization
/Business & Industrial
/News/Business News
/Finance/Investing
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22
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23.17 min
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While over $100 billion has been pulled from money-funds over the prior month, money-fund assets are still nearly 1$ Trillion above pre-COVID levels, indicating investors have lingering economic concerns.
US Stock Markets Ended June 19, 2020
Posted Under: Weekly Market Commentary
Last week, equities rallied as fears of a second wave of COVID-19 abated.
Not everything is opening soon, the Cruise Lines International Association announced cruises out of US ports are suspended until September 15th, this sent Carnival Corp, Norwegian Cruise Line and Royal Caribbean all down over 5% last week.
Brian Wesbury, Chief Economist at First Trust Advisors L.P., has been unwavering in his belief that economic growth stems from entrepreneurship and invention, not quantitative easing or government spending.
When you factor in the bear market in stocks in Q1'20, it is understandable that the year-to-date equity fund flows are predominantly negative, so the 12-month flows may be helpful in lending some additional perspective on investor sentiment.
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