Despite a bruising year for U.S. stocks, few investors are ready to call an end to the long run of American exceptionalism
A look at the markets shows asset managers are moving money around in ways that suggest they see a recession coming. WSJ’s Dion Rabouin explains what to look for and why they tell us investors are increasingly pricing in a recession. Illustration: David Fang.
Investors have poured more than $86 billion into U.S. equity mutual and exchange-traded funds in 2022, according to Morningstar Direct data through the end of October. That is on track to mark the second-highest sum since 2013, following last year’s inflows of $156 billion.
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