Investors are losing their ability to resist a stock rally that much of Wall Street is convinced is doomed. More than $12.6 billion has been sent to equity exchange-traded funds (ETFs) in April, the largest influx since January and more than twice the rate of February and March. Money is pouring into stocks as fast as it's being yanked out of cash: ultra-short duration ETFs are on track for their first monthly outflow since January, data compiled by Bloomberg shows. Spigots are turning back on at a time of fairly intense scepticism among the pundit class.

https://www.thenationalnews.com/business/markets/2023/04/23/why-investors-are-pouring-money-into-stock-etfs-at-a-time-when-bearish-warnings-are-up/

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