BNY's Bob Savage Highlights Declining Cash, Elevated Valuations, Record IPO in U.S. Equities

BNY's Bob Savage has assessed the state of U.S. equities using proprietary iFlow data. The analysis reveals three key themes: declining institutional cash balances, elevated valuations, and a surge in IPO supply to record levels.

The combination of these factors may signal reduced buying power and increased supply, potentially weighing on equity markets.