Equity drawdowns amid record fund inflows
Over a third of S&P 500 stocks are reportedly down 20%+, with AI infrastructure names hit hardest, even as US equity funds see record inflows.
What we know
A veteran trader notes over one-third of S&P 500 stocks are down more than 20%, with AI infrastructure names down 50% or more, including Dell, Micron and Intel. Meanwhile a market analysis shows US equity funds drew $1.5T since the start of 2024, about 4.5 times Emerging Market Asia funds.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.