It is easy to see where the money is going when you have a direct line of sight on $US40 trillion in cash, bonds and equities.
It is risk-on in financial markets and has been that way since the start of July.P 500 went up in July and equities are generally the best telltale indicator of risk taking in financial markets.since the start of August. So, is it still risk on?
The gainer was equities, the best leading indicator of risk-taking, which was up two percentage points – once again, a big move when you’re talking about 2 per cent of $US40 trillion in assets. “The other version is it’s FOMO. They don’t want to be left out of the new rally, whether it’s the tech/AI/EV rally, or the transition economy rally. These things are creating new opportunities ... that’s where we’re seeing growth.”
Eric Aboaf, who would normally cheer for the US women’s team, says Sam Kerr’s goal in the Women’s World Cup semi-final “electrified” the stadium.It’s a timely visit – and not just because of the World Cup. Australia has been on the State Street executive’s mind a bit in recent times. The firm was a big beneficiary of rival Vanguard’s move into domestic superannuation and out of servicing the big super funds.
– and there was more moderation in prices in the first 10 days of August, particularly in household equipment services and healthcare costs.
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