Fund flows are sending encouraging short-term signals, says TrimTabs CEO David Santschi, though the quarterly volume of corporate buybacks, highly correlated with the S&P 500, has dropped to the lowest level in eight years.
U.S. investors are growing numb to geopolitical tensions and are now weighing the likelihood of a Fed rate increase.
The put-to-call ratio of SPDR Gold Shares, the largest ETF backed by the metal, is the highest in two years.