Volatility? Retail traders poured a near-record amount of money into ETFs, data compiled by JPMorgan Chase & Co. show. In the credit market, investment-grade funds saw their biggest inflow in 11 weeks while those focused on high yield added money at the fastest pace in three months, according to data from Bank of America. State Street: “Much of the rest of the world is struggling relative to the US. If data were to signal that the exceptionalism gap were closing, we’d be more inclined to diversify more broadly, but for now, fundamentals don’t support that gap closing in the medium term.”
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