"A Watershed Month" - November Sees Greatest "Asset Rotation" Since 2013

The final November fund flow numbers are in, and as BofA's Michael Hartnett puts it, November, it was a "watershed" month for fund flows with the largest 5-week
bond outflows in three and a half years at $10 billion...
... the largest 3-week precious metals outflows
in 3.5 years...
... and the largest 5-week equity inflows since October 2013 at $34.5 billion.