Bank of America Reports Significant EPFR Data on Financial Flows in Market

Bank of America, citing EPFR data, reports significant financial flows in the market. Investment grade bonds saw the largest weekly inflow since September 2020 at $13.3 billion, while tech stocks experienced the largest ever outflow of $4.4 billion. Stocks received a total inflow of $91 billion, marking the seventh straight week of inflows and the strongest trend in 2 years. Additionally, there were flows of $32 billion to cash, $17.3 billion to bonds, $6.9 billion to stocks, $1.9 billion to crypto, and $1 billion from gold in the week up to Wednesday.