The Flow Outlook for the Equity USA Has Lost a Lot of Strength

Morgan Stanley Market Consensus QDS USA ... FLOWS FLOWER FLOWER TO END OF MONTH ... SPX OUTLOOK DETERIOR – Source: MS QDS The buying flows of the systematic accounts, retail and buybacks last week have contributed to the accumulated rebound of +20% of the SPX since the April minima. However ... the sell off of types ... driven by Moody’s downgrade ... concerns about the US deficit ... and the [...]