The Capital
Published in

The Capital

Risk Of Bear Market Is Rising

Capital Outflows From Technology Stocks Raises Risks

Photo by mana5280 on Unsplash

A key factor in our market analysis is the study of capital flows, for they exert a profound influence on almost all markets. We have found the study of capital flows often provides early clues to changes in secular trends, which makes the accompanying chart worthy of note.

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Jonathan Baird CFA

Jonathan Baird CFA

PUBLISHER OF THE GLOBAL INVESTMENT LETTER. AWARD-WINNING MONEY MANAGER. SPEAKER ON GEOPOLITICS AND MARKETS. www.globalinvestmentletter.com

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