2024-07-22 10:46:29 +0300
BofA Says Stock Outflows Are Yet to Reflect Investor Pessimism
Bloomberg
By Sagarika JaisinghaniOutflows from global equity funds are only just starting to catch up with investor pessimism on risk assets, according to Bank of America Corp. strategists.
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“Everyone is bearish but no one has sold,” strategists led by Michael Hartnett wrote in a note, adding that for every $100 of inflows since January 2021, just $2 have flowed out from tech stocks and $3 exited from equities overall.
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