Donald Trump is able to influence the marketas it has demonstrated several times. But the United States Federal Reserve (FED) evidenced the force of controlling the monetary policy of the reference economy for the world. The last intervention of the president of the Fed changed in a single session the tone that has dominated the financial market since 2025 began. Thanks to his words, investors They closed their positions in debt at record levels While the bag records its highest money entry with quoted funds (ETF) since mid -December last year.
The president of the FED, Jerome Powell, did not make any interest rates on Wednesday, although changed the balance reduction approach which flexible monetary policy and is, in practice, a decrease in covert types. “Although it is not a radical change, it should contribute to relieve pressure on the market, especially if the government also manages to stop spending,” said the international economist in J. Safra Sarasin Sustainable AM, Raphael Olszyna-Marzys.
In addition, Powell’s words on the impact of the commercial war initiated by Donald Trump calmed the investors, who lost the fear that led in recent weeks to take refuge in bonds and assets such as gold, which historically have less risk than the stock market in times of volatility and uncertainty. “In short, reassuring message about the state of the US economy and the probable transitory character of tariffs, although the level of uncertainty is very high,” they said from the Bankinter analysis department.
With the possibility of a Recession in the United States For the Fed, the money returns to the Variable Income, as well as demonstrating the main Wall Street indices that rose in the last session. Only yesterday the net flow (difference between the money that enters and the one that leaves) in the Bolsa ETFs exceeded 35,000 million dollarsthe highest value so far this year, according to the data you collect Bloomberg.
This changes the trend so far this year and completely alters the assets allocation strategies of investors who have participated in a market correction in the US stock market while European indices were postulated as an alternative. So far this week, the flow of fixed income quoted is negative. It is the First time it happens in more than six months. The difference between the closure of bond positions and debt compared to the money that enters into fixed income exceeds 9,000 million dollars.
Judging by the ETFs market, that money did not remain in the form of liquidity in the investor portfolio. No other category (monetary or raw materials, for example) reflects an upward value with respect to that seen in recent weeks, beyond the variable income that grows at record levels and the fixed -income funds in which the money comes out. This transfer is materialized at more than 100,000 million dollars of investments that enter the stock market since Monday, but not in all markets equally if it is distinguished by geographies.
Of debt to the Wall Street bag
The Wall Street bag concentrated the pessimism of investors with the last correction that emerges from the S&P 500 falls of more than 3.5% so far this year. But with the recent speech of the Federal Reserve, it is in the American stock exchange where investors turned on the last day. And it is that 88% of the money that enters the stock market in the last 24 hours was directly to the North American marketaccording to the ETF flows that it collects Bloomberg.
The ETFs market does not reflect the entire market, since it can be accessed through funds or with the direct purchase of assets by the investor. But the quoted funds monopolize between 25% and 35% of the money That moves on Wall Street every day, according to New York Stock Exchange, which offers a photograph of what investors do in the financial market with an asset that allows contributions from one euro.
In the last four weeks, the flow flows were down on a global scale, especially in the United States. This is an anomaly, since investors are generally raised in shares of Wall Street in front of the rest of the marketsas they point out from Alliance Bernstein. “The current trend was to leave the US risk assets and rotate to the rest of the world, where growth prospects seem better,” says Jupiter Am, Mark Nash manager.
Now it seems that the trend recovers its usual trajectory, although money does not return to the most punished values in the market such as companies within the seven magnificent. The latest movements reflect that investors prefer shared shares and funds value instead of growth, such as technological companies. The president of the Fed himself valued the evolution of the US inflation and economy in the update of his macroeconomic projections in a difficult scenario in 2025.
At the sector level, defensive consumer actions have a special demand worldwide, while cyclic consumption and technology actions were pressed. […] A market stabilization could be used to rebalance portfolios more defensively. In particular, it is convenient to avoid high assessment actions with a growing relative weakness, “they advise from the German manager Dje Kapital.
On the other hand, the negative net flow in fixed income ETFs is equitable with this last money output. Investors close positions in sovereign, corporate bonds almost equally in the same way that there are no significant changes due to geographies. Where there is a superior negative flow is in the duration, since they are the shortest maturities where there is a greater leakage of investors in the last hours.
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