Equity Supply/Demand Indicator

I read a very interesting post from AlephBlog  which led me to another blog called Philosophical Economics. It’s a long and in depth article I had to read a few times to understand but the basic gist of it is that when investors are under allocated to equities, future returns are better than when they are over allocated. It utilizes the Fed Flow of Funds report to develop a ratio of the value of equities…

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