SPY ETF has seen a net outflow of nearly $ 9 billion since Jan. 1.
Gold lost its attractiveness as it continued to decline and investors left the GLD ETF
Up to now, BIL, TLT, and GOV have received a total cash flow of more than $ 2.2 billion. At the same time, US10Y yields rose to their highest level since late February 2020.
Change in the data of ETFs + price action + stable fundamentals = Little evidence of sudden reversals in macroeconomic trends that are happening in recent weeks.
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