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In spite of hanging to its all-time high US equities are having bad year so far.
S&P 500 is trading mostly sideways this year so far. Currently trading at 2091, up less than 1% so far this year.
Investors are clearly worried over rate hike prospects from US Federal Reserve for first time in 9 years. Eurostxx50 and Nikkei 225 have clearly outperformer S&P500 this year so far as in both country central banks (ECB and BOJ) kept the tap open with massive easing. EuroStxx50 is up 11.5%, while Nikkei is up 17.2%.
Money flow in US -
- The above chart shows flows of Money to US long term mutual funds. This year US funds are seeing massive outflow of money last seen during 2011-12 when market was in turmoil.
- After $ 8 billion withdrawal in March, investors have withdrawn $19 billion in April and more than $15 billion in May.
US equity index is unlikely to consolidate as investors are likely to remain cautious over first rate hike from FED reserve.
