Investors are gobbling up stocks at a frenzied pace.
As our featured chart this week illustrates, in the last week of June, $15 billion flowed into U.S. equity funds—the highest weekly amount in a year!
This surge reflects growing confidence in a stock market that is off to a strong start this year. As of this writing, the S&P 500 is up more than 15% and has already hit 38 record highs this year.
Will it last? It’s hard to say. Long bets tied to the S&P 500 Index have climbed to some of the highest levels seen in the past decade, indicating a lot of optimism out there. Historically, such optimism hasn’t always been the best time to go “all-in” on risk.
Indeed, we saw the start of some weakness in the market last week. This could actually be a good thing, however, as it could help relieve some of the extreme optimism we’ve seen in the market lately.
This is intended for informational purposes only and should not be used as the primary basis for an investment decision. Consult an advisor for your personal situation.
Indices mentioned are unmanaged, do not incur fees, and cannot be invested into directly.
Past performance does not guarantee future results.