When Money Runs for Safety
In hisDaily Market Notes report to investors, while commenting on the fast changing fund flows, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more The Fast Changing Fund FlowsWe’re all familiar with the phrase, “Money has to go somewhere.” Well, this past week, safer havens in bonds and defensive equity sectors were on the receiving end of fast-changing fund flows. Treasuries, corporate bonds, preferred stocks, REITs, utilities, and consumer staples shined while the most leveraged sectors of the “reflation” trade were a source of funds. Heightened uncertainty surrounding t...