State Street, the financial services behemoth managing trillions in assets, is drawing attention to potential bubble dynamics in at least one corner of the US market.
Record ETF inflows paint a complicated picture
ETF inflows have reached $832 billion year-to-date by mid-2026, a record pace that suggests institutional and retail investors alike remain broadly confident. Of that total, roughly 64% has been allocated toward equities, reflecting a prevailing belief that underlying fundamentals remain resilient.
State Street’s own research has emphasized the comparative stability of private markets versus their public counterparts. A 2025 study from the firm highlighted lower volatility in private assets, a finding that implicitly raises questions about whether public market prices have gotten ahead of themselves in certain areas.
The AI sector sits in the crosshairs
