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During Refinitiv Lipper's fund flows week that ended May 10, 2023, investors were overall net purchasers of fund assets for the third straight week, adding a net of $13.4 billion. Exchange-traded equity funds recorded $2.6 billion in weekly net inflows, marking the fourth weekly intake in five.

Political wrestling over the extension of the debt ceiling is scaring investors. But many found a place to hide out with the best ETFs.

Yields for short-term Treasuries continue to climb in the opening months of 2023 as the Fed maintains its rate-hiking regime.

The consensus is that a recession is coming, there will be a profits recession, and the Fed will cut rates in the second half of the year.  We doubt all three will materialize.