Are mutual fund flow inflows carrying the stock market? Stifel Nicolaus
' Dave Lutz
seems to think so, according to Barron’s
Columnist Brendan Conway writes that "In the last three sessions, the S&P 500 (SPY) moved progressively higher throughout the day, for no obvious reason except that traders weren’t ready to push stocks forcefully lower. It was most dramatic Thursday, when the Dow Jones Industrial Average (DIA) slumped by triple digits in the morning only to recover most of the loss by the close of trading. Somebody’s buying. But who?"
Read more of his thoughts on the subject in Barron’s.
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