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Signs that investors were concerned about rising rates and expensive stock valuations are scant as flows into equity and bond funds continue pacing upwards.
Failure to address entitlement reforms in latest tax overhaul points toward an economic drag, as there are fewer and fewer workers per retiree in the U.S.
They pulled the plug on U.S. equity funds but steered $1.34 billion—a 59-week high—into the industrial sector during the week that straddled the calendar years.
