EPFR's Brandt on Global Markets

The video discusses the current state of the stock market, highlighting a 19% rally and optimism among investors. Fund flows indicate a bullish perspective, with money moving into commodities, energy, and emerging markets. Despite seasonal patterns suggesting weak months for US equities, optimism persists due to low earnings expectations being exceeded. Central banks' actions have increased market volatility, but investors seem prepared for surprises. Investment trends show renewed interest in cryptocurrencies and US regional banks, while European equity funds face outflows, indicating a modest safe haven movement towards US funds.

How has the investment environment changed since the onset of COVID-19?

What is the current sentiment towards European equity funds as mentioned in the text?