Total mutual fund cash levels as percent of total assets in all equity funds worldwide since 1997. Looks like fund managers have been using a lot of their cash on hand to meet redemptions. Usually January has high inflows. But not this year. The 5 period MA is below 0 for January. So the question is, if mutual funds are low on cash, for a war or peace rally, where would the fuel come from... bonds?
I dont know what to thik, I have been about 30 percent euros since april, so i am partially hedged. I reduced my exposure during the bull flag this fall like an idiot