Participation in global equity markets is strong by household measures. The average household's stock market exposure represents 55% of their financial assets as compared to the long-term average of 45%. Short-term sentiment measures show a positive bias. Individual investors own fewer bonds and cash investments than long-term averages.
Foreign investors have, on balance, not shown strong demand for U.S. Stock Market exposure. They have been net sellers of the U.S. Stock Market exposure since early 2013, which means its a good sign, historically (see historical data), foreign investors have been late in their U.S. Equity purchases.
A Little History: In 1878, a group of partners in Hawaii set out to create a sugar mill. They planted sugar cane and to power a sugar mill, they dug an underground firebox and erected a smokestack with 2 1/2 foot thick stone walls. The mill's machinery was ordered and made its slow way across the Pacific. As it rounded the treacherous channel off Moloka'i, the ship sank and sunk the hopes of the investors and the Makawao Sugar Mill.
It became a ranching town, full of artisans and immigrants who came there to get away from the plantations. They had to get the old timers and the new agers to unite and stand firm together.