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On today’s show we discuss:
Last week, the S&P 500 recovered half of the bear market losses.
This is a very good sign, as stocks have never moved back to new lows after this happened.
In fact, a year later, higher every time and up 19.3% on average as well. pic.twitter.com/urVW2yeO7x
— Ryan Detrick, CMT (@RyanDetrick) August 18, 2022
1/4 – A few highlights from @MorningstarInc‘s July U.S. Fund Flows Report.
July marked the 4th consecutive month of outflows from U.S. mutual funds and ETFs–the longest streak in our data set, which begins in 1993. pic.twitter.com/uRpRq298n5
— Ben Johnson, CFA (@MstarBenJohnson) August 17, 2022
The streak for bond mutual fund outflows is finally over after 24 weeks that added up to (record smashing) $323b in YTD outflows they finally saw some inflows last week. Small, but good sign IMO as this has been a weight on market. pic.twitter.com/jEhrIGkNfa
— Eric Balchunas (@EricBalchunas) August 15, 2022
Nearly half of thematic ETFs have negative since inception returns (pot/psyche ETFs = brutal) yet only 16% of the aum is underwater AND they’ve still managed to take in flows in 2022 vs $550b in outflows for active as a whole. Good sign for long-term viability. via @tpsarofagis pic.twitter.com/azVqLq3Xls
— Eric Balchunas (@EricBalchunas) August 19, 2022
84% of Gen Z want a housing crash to happen to afford a home, per a report by the Consumer Affairs.
— unusual_whales (@unusual_whales) August 21, 2022
Man, retail inventories have been around the block.
— Carl Quintanilla (@carlquintanilla) August 22, 2022
Macy’s beats, guides lower, nails just about the entire suggested Earnings Release Draft written up yesterday (“Congrats, tough environment, cautiously optimistic”).
— Jeff Macke (@JeffMacke) August 23, 2022
FTX generated more than a billion dollars in revenue last year: CNBChttps://t.co/5Mwlg7T4JE
— The Block (@TheBlock__) August 20, 2022
— Rotten Tomatoes (@RottenTomatoes) August 22, 2022
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