Only about $11.7 billion of new net money has flowed into equity mutual funds. That means the bulk of the money taken out still sits in money markets and demand deposits.
New all-time records in the broad averages have not yet brought "mom and pop" back into stocks.
There is still plenty of room for the rotation of fixed income money into shares.
The bull market in stocks will not end until there are good alternatives.
See my model portfolios and value investing articles here.
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