Weekly Market Commentary 01-22-2018
22 January 2018
As the market continues to hit new highs, investment giant Merrill Lynch (ML) released a note to clients that investors are piling into equities in a big way. Per ML’s chief investment strategist Michael Hartnett, “FOMO”, or the “Fear of Missing Out”, has triggered a massive inflow into global equity funds over the last week and month. At $23.9 billion, it was the seventh largest weekly equity inflow on record, and led to the highest monthly inflow of $58 billion on record.