The weekly Market Update is posted at Alpha Baskets and includes the following;
Furthering the discussion on equities, @tihobrkan tweeted a table from BofAML and EPFR Global showing $33 billion flowing into US equities last week, not fund flows but equities more broadly and this, he notes is close to a record. @awealthofcs tweeted that so far in 2018 the S&P 500 has made 13 new highs which equals the number of new highs made in the entire decade of the 2000’s. It is crucial for advisors to have a detached view on the comfort with which clients might have toward equities and educate them as to how unusual this type of environment is. The good times may or may not last for a long time still but this needs to be recognized for the unusual period that it is.