Global equities register record weekly inflows
|According to Bank of America Corp, global equities witnessed a record inflow of $58.1 billion last week. However, that's not necessarily positive news.
"Massive inflows are often seen as an indicator of overenthusiasm, signaling at least a pause if not a reversal of the market rally," Jeroen Blokland, Portfolio Manager for the Robeco Multi-Asset funds, noted on Monday.
The anti-risk US dollar will likely gain ground against most currencies if the stock market rally loses steam. The dollar index, which tracks the greenback's value against majors, is currently sidelined near 90.32, having bounced from 89.21 to 90.98 in the four weeks to Feb. 5.
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