last week threatening the narrative that economies and inflation are cooling. The Vanguard bond ETF has fallen almost 1% over the last week.
Investors put $7.4 billion into bond funds while pulling $7.4 billion from stocks over the last week, according to BofA's Flow Show report. Bonds have seen inflows for the last six weeks, BofA said. The week before last, investors put $7.8 billion into bonds while also putting $16 billion into stocks.
"We believe bonds will have a tough decade but they will post positive returns in 2023," BofA investment strategist Michael Hartnett said in the report. "Quite simply everyone expects Fed to cut and politicians to panic via more stimulus checks, rebates, debt forgiveness, at the first blush of recession."Stock outflows from Europe resumed, at $0.7 billion. And tech stocks saw their first inflow for 11 weeks, at $1 billion.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft won the week but Google still looms in AI search war: BofAMicrosoft won the week but Google's big reveal is still to come in the AI search wars, Bank of America says Search is dead. Enter the age of curation and synthesis.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Disney stock outlook: Bob Iger gives shares 18% upside, BofA saysDisney stock has 18% upside as CEO Bob Iger looks to transform the company, Bank of America says
Source: BusinessInsider - 🏆 729. / 51 Read more »