TradingEdge for Jul 9 - Weak Treasury Bounce, Big Flows, Investment Grade Thrust
This week, we saw a continued rush into equity funds from investors, and how that has preceded weaker returns. Value stocks have been getting pummeled, even though there is some fundamental 'recovery' support. Tech has rebounded nicely, and overseas indexes are badly underperforming. Treasuries have seen a weak dead cat bounce.
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