Undaunted Bulls Keep Shoveling Money Into Stocks
- Rising yields historically foreshadow equity funds inflows
- VIX curve, trading volume show calm during Thursday rout
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Whether it’s heroic resolve or epic naiveté, stock investors are giving no indication that they are troubled by the worst volatility to land on the bond market in a year.
In a week when a spike in Treasury yields pressured prices across the equity spectrum, U.S. exchange-traded funds consistently saw inflows -- including $2.7 billion at the height of the carnage on Thursday. All told in February, ETFs sucked in a cool $80 billion, four times the 12-month average, data compiled by Bloomberg show.