I've written a number of posts in the last few months regarding the MSCI World Index and the SPX, several of which are here and here, respectively, (together with subsequent updates) warning of further market crashes.
The following Year-to-Date and One-Week Percentages Lost/Gained graphs clearly depict, at a glance, global money flow for 2022 and for the past week (graphs courtesy of StockCharts.com).
MONEY FLOW YEAR-TO-DATE
MONEY FLOW SEPT. 19-23
SUMMARY
Overall, the biggest winners have been:
- the Oil and Gasoline sectors,
- as well as the U.S. Dollar.
The biggest losers have been:
- Bitcoin,
- global equities (especially U.S., China, Russia, Europe and the emerging markets ETF, EEM),
- global Financial ETFs (U.S., Europe & China),
- foreign currencies,
- U.S. Bonds,
- copper & precious metals, and
- U.S. Discretionary, Technology, Materials and Financial Sectors.
During the past week, there has been:
- continued buying of the U.S. Dollar,
- continued selling of Bitcoin,
- some selling in Oil and Gasoline,
- accelerated selling of the British Pound, the Euro, Aussie Dollar and Canadian Dollar,
- accelerated selling of the U.S., European and Chinese Financial ETFs (XLF, EUFN and GXC), and
- accelerated selling of global Major Indices (including U.S.), and U.S. Major Sectors.
CONCLUSIONS
So, for the moment, U.S. cash is king, as the U.S. Fed has signalled its intent to continue raising interest rates and keep them elevated for some time after inflation has declined to the Fed's 2% maximum inflation target...which could last well into 2025.
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P.S. After I published this post, I came across the following article...which, interestingly, confirms my conclusions...
And, more analysts' opinions...
