"The Great Rotation? More Like The Great Lie"
Article Summary: Original Article by Dave of theMacroTrader.com
"So far this year I think my most hated new term is “The Great Rotation”. Supposedly stocks are moving higher as money is flowing from the overpriced bond market and into equities. Since the term has gone ballistic, also known as annoying, we decided to look into it. While stocks have indeed been outperforming bonds over the past few months the other side of the case for “the great rotation” was that money was coming out of bonds and going into stocks. Well thanks to the ICI we have data that allows us to look at this idea. Stocks funds saw a large increase in assets of 5.2% from December to January but Bonds also saw in increase in assets."