Investors consider a Fed rate hike to be a slam-dunk, but Trump’s fiscal policy still seeks traction and geopolitical uncertainty looms abroad.
Market expectations are close to 100 percent for another 0.25 percent increase.
Money to fixed income has been overshadowed by equities, but inflows are better than outflows.
OPEC’s oil production agreement extension, a probable U.S. interest rate hike and cooling Chinese economy are impacting respective sectors.
U.S. equity funds were favorable to investors again in late May.
Fresh money to emerging markets has been this consistent since the beginning of 2013.
Signs of economic strength have made Europe the hot ticket as equities see more inflows than bonds.