Per @BankofAmerica $16.8 billion exited global stock funds in the week through June 22, with US equities seeing their first outflow in seven weeks at $17.4 billion.
…and now we have the quarter-end rebalancing upon us to ensure target date 401k funds properly match allocations.
Good morning Asia,
After China higher than expected inflation (monetary data dump yesterday showed a big increase in new loans & a lot of more went to short-term type), we got India CPI today that will also rise.
And the Fed response to the >8% CPI tonight.
Hike, hike, hike!!!
As seen on Weibo: Shanghai residents go to their balconies to sing & protest lack of supplies. A drone appears: “Please comply w covid restrictions. Control your soul’s desire for freedom. Do not open the window or sing.” m.weibo.cn/status/4755028…
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