Mythical Rotations: With Equities Plunging, Where’s the Money Going?

by Mike ‘Mish’ Shedlock
Mish Talk

With stocks down 3% a reader wanted to know where the money is going?

Q: If the money is fleeing the stock market, bond yields down, where is the money flowing?

A: Nowhere

More precisely, the premise is invalid. Money does not and cannot flow out of equities into bonds or anything else.

Nor can there be rotation from technology stocks to value stocks.

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