European Equities See Outflows In 44 of Last 45 Weeks As US Stocks Soar

Although December was undeniably a painful month for equities, it’s almost like the steep correction never happened. The S&P 500 hasn’t yet reached the level it was at before the early-December crash, but the way things are looking now, the index could be close to it within the next few months—at least that’s what one firm is forecasting. Q3 hedge fund letters, conference, scoops etc S&P heading for 2,750: BofAML In their weekly “Flow Show” report, Bank of America Merrill Lynch Chief Investment Strategist Michael Hartnett and team said in general, positioning is still bearish, so they remain “tactically bullish…