1. Global Equities logged +$517 Billion worth of inflows in 1H, for the largest inflows 1H on record. 2021 1H was 2.6x larger than the prior record in 1H 2017.
2. Q2 2021 logged the second largest inflow quarterly inflow on record (+$169B), only Q1 2021 was larger (+$348B).
3. Global Equities are annualizing +$1.035 Trillion worth of inflows for 2021...
4. The prior cumulative equity inflows over the past 9 years was +$171 Billion.
5. If we were to keep this pace for 2021, Global Equities would register 6x the total amount of cumulative inflows over the past 9 years.
6. There have been 125 trading days in 2021 or >$4 billion worth of average demand, every trading day. This is a significant dynamic in the market today. Rubner says that he will "turn more cautious (if) the supply and demand picture changes. I am expecting more of the same in 2H."
7. Finally, and as we discussed on Friday, we are entering the best two-week seasonal period of the year, at the same time 401k portfolios move back into equities for the quarter. This dynamic changes in August.
https://www.zerohedge.com/markets/g [...] s-i-needed