Follow $17 Trillion of Fund Money to See Reflation Trade Retreat

Bloomberg ------- The flow of money in the $17 trillion mutual-fund industry in recent weeks is signaling that investors across asset classes are increasingly skeptical of the reflation trade. From global equities to U.S. municipal debt, fund flows have changed course relative to the post-election stretch when investors wagered that stronger growth and inflation would lift stocks and bond yields. Instead, the S&P 500 index is coming off its first two-week slide since January, while 10-year Treasury yields are close to the lowest level since November. Amid the shift in sentiment, Goldman Sachs Group Inc. abandoned recommendations to go long the dollar against the euro, sterling and yuan. To learn more click on the picture below to read the article.