The US and Chinese central banks have reasons for starting to reduce the credit they're pushing into the economy. The risk is that this double-whammy of tightening will be greater than the sum of its parts, weighing on economic growth worldwide.
While private clients and institutions are adding to stocks, hedge funds are becoming net sellers, pitching the two groups against each other in a stock market tug-of-war, Brown says. What effect will the opposition between the two groups have on the market in the long run? Brown breaks down the Bank of America Merill Lynch's latest equity flow report.