More signs of recovery: investors are rotating from bonds to stocks, a classic indicator that growth is resuming (and interest rates have ceased their decline). From the Financial Times:
US equity funds drew in $18.3bn in 2013’s first full week of trading, making it one of the busiest weeks on record as investors took advantage of the positive market conditions in the wake of a compromise deal on the US fiscal cliff.
Thomson Reuters’s Lipper service said the week to January 9 was the fourth largest for net inflows of equity funds since it began calculating weekly flows in 1992.
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