- Equity funds have received $576B in net inflows since November (2020), more than the combined total inflows for $452B over the prior 12 years (Bank of America).
- This massive influx has propelled stocks higher, with valuation multiples at their highest since the late 1990s dot-com bubble.
- The S&P 500 is currently trading at 22x its forward earnings.
- Technical indicators tracking the velocity of stock price movements signal stock indexes are overbought.
- Deustche Bank forecasts a 6-10% correction over the next 3 months.
