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Rome, Lenin, gold, FDR: Lipper s four odd indicators for today s market

Rome, Lenin, gold, FDR: Lipper s four odd indicators for today s market
citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.

Melt up? More money poured into stocks in past 5 months than last 12 years

3 Min Read LONDON (Reuters) - Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened the stampede to a “melt-up” in markets. FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File Photo The flows are also raising fears of a pullback from record highs, given valuations are at the highest since the dotcom bubble of the late 1990s, with the S&P 500 trading at nearly 22 times forward earnings.

Melt up? More money poured into stocks in past five months than last 12 years

Melt up? More money poured into stocks in past five months than last 12 years SECTIONS Last Updated: Apr 09, 2021, 06:55 PM IST Share Synopsis BofA said $576 billion had gone into equity funds in the past five months, beating the combined $452 billion inflows seen in the last 12 years. Getty Images Based on clients asset allocations, Bofa said a record 63.6% of the money was invested in stocks, 18.5% in debt and 11.6% in cash. Related LONDON: Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened the stampede to a “melt-up” in markets.

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