>>> Key takeaways
* Flows this week: $5.0bn into equities, $6.9bn into bonds, $0.2bn into gold
* Bull & Bear pulls back to 7.3 on weaker inflows and breadth
* Goldilocks sustaining Icarus...Q4 vol risks remain payroll/AHE surprise
* Equities: inflows 19 of past 21 weeks ($5.0bn; $9.4bn into ETFs, $4.4bn outflows from mutual funds)
* Bonds: 33 straight weeks of inflows ($6.9bn)
* Precious metals: small week of inflows ($0.2bn)
Fixed Income
* 45 straight weeks of IG bond fund inflows ($7.8bn)
* Small HY bond fund outflows ($0.3bn)
* Inflows to EM debt funds 40 of past 41 weeks ($0.7bn)
* Biggest muni funds outflows in 17 weeks ($0.2bn)
* 7 straight week of govt/Tsy fund outflows ($1.2bn)
* Small inflows into TIPS ($0.2bn)
Equity Flows
* US: small outflows after large recent inflows ($1.2bn)
* Japan: strong inflows after recent redemptions ($3.4bn)
* Europe: first outflows in 9 weeks ($0.5bn)
* EM: inflows in 31 of past 33 weeks ($0.3bn)
By style: moderate US value fund outflows ($0.7bn), US growth first inflows for 8 weeks ($0.8bn), inflows to US small caps ($0.4bn, 5 straight week)
By sector: inflows to tech ($0.6bn), materials ($0.5bn, 10 straight week), energy ($0.4bn), financials ($0.3bn, 8 straight week), consumer ($0.3bn); outflows from health care ($0.1bn), utilities ($0.1bn), real estate ($0.4bn)