Hi Gregory,

Don't you see a sort of rotation? Small stocks up, divest from some big one (but just partially), money moving from Europe despite "Macron joy", money fleeing from Japan/Asia to US... and so on. So while there is a net influx in USD and in any type of American investments there is also a reallocation between DJ and Nasdaq, between big and mid or small caps... do you see this or my guess is wrong?