{"id":1948872,"date":"2023-06-16T07:35:04","date_gmt":"2023-06-16T11:35:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-pour-into-equities-to-chase-the-bull-says-bofa\/"},"modified":"2023-06-16T07:38:32","modified_gmt":"2023-06-16T11:38:32","slug":"investors-pour-into-equities-to-chase-the-bull-says-bofa","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-pour-into-equities-to-chase-the-bull-says-bofa\/","title":{"rendered":"Investors flock to stocks to chase the bull, says BofA."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finvestors-pour-into-equities-to-chase-the-bull-says-bofa%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1948872&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>Investors Pour Into Equities as Sentiment Hits 19-Month High<\/h2>\n<p>By Samuel Indyk<\/p>\n<p>LONDON (Reuters) \u2013 Investors bought stocks and took money out of cash funds in the week to Wednesday, as individual investor sentiment hit a 19-month high, BofA Global Research found. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Investors put $22.3 billion into stocks and took $37.9 billion from cash, the first outflow in eight weeks, BofA said citing EPFR data on Friday. <\/p>\n<p>BofA said individual investor sentiment had risen \u201cwith frothy stocks as investors chase the bull\u201d. <\/p>\n<p>\u201cWe say \u2018big rally before big collapse\u2019, but the latter now needs 6% terminal Fed funds, real rates to 2%, unemployment rate >4%,\u201d BofA analysts said. <\/p>\n<p>Global stocks hit their highest in 14 months on Friday, even as central banks, including the Federal Reserve and European Central Bank, said more rate hikes were likely this week.<\/p>\n<p>The S&#038;P 500 closed at its highest level since April 2022 on Thursday and is on track for its fifth consecutive week of gains, its longest winning streak since November 2021.<\/p>\n<p>U.S. stocks have seen $38 billion in inflows in the last three weeks, the strongest momentum since Oct. 2022, BofA said, while tech funds have seen $19 billion flow in in the last eight weeks, the strongest momentum since March 2021.<\/p>\n<p>\u201cWe see max SPX 100-150 points upside versus 300 points downside between now and Labor Day,\u201d BofA said. \u201cWe are not convinced we at start of brand, new shiny bull market.\u201d<\/p>\n<p>Citing the same EPFR data, Barclays said the equity inflows were the largest since November last year, with inflows across all sectors except energy.  <\/p>\n<p>BofA\u2019s bull and bear indicator slipped to 3.6 from 3.7 as slowing inflows to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-pour-into-equities-to-chase-the-bull-says-bofa\/\" title=\"Investors flock to stocks to chase the bull, says BofA.\">risky bonds offset bullish hedge funds<\/a> and better credit technicals, BofA said. <\/p>\n<p>A separate set of data showed <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investors-dump-global-bond-and-equity-funds-in-the-week-ended-sep-21\/\" title=\"Investors dump global bond and equity funds in the week ended Sep.21\">global equity funds<\/a> received their largest inflow in 12 weeks. <\/p>\n<p>In the week ended June 14, investors added a net $16.18 billion to global equity funds, nearly offsetting the $17.69 billion in net selling observed a week earlier, according to data from Refinitiv Lipper.<\/p>\n<\/p>\n<p> (Reporting by Samuel Indyk; Editing by Amanda Cooper and Barbara Lewis)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/investors-pour-into-equities\/attachment\/traders-work-on-the-floor-of-the-nyse-in-new-17\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Other News:<\/h3>\n<p>with Jess Weber<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Featured Article:<\/h3>\n<p>A mention of the Big Guy clears out Joe Biden\u2019s press room.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Expert Advice:<\/h3>\n<p>As more people are afraid to speak their minds, one <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pr-firm-ceo-on-how-to-fight-cancel-culture\/\" title=\"PR Firm CEO's advice on combating cancel culture:\n\nCombatting cancel culture: CEO's insights.\">public relations expert explains<\/a> how to avoid being cancelled.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Investigation Update:<\/h3>\n<p>Investigators have yet to determine\u00a0an exact cause of the Surfside condo collapse back in June of 2021.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Global AI Discussion:<\/h3>\n<p>HONG KONG (Reuters) \u2013 Chinese President Xi Jinping discussed the global rise of artificial intelligence (AI) with Bill Gates and said he\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Acquisition Approval:<\/h3>\n<p>(Reuters) -Britain\u2019s competition regulator on Friday cleared Amazon.com Inc\u2019s planned $1.7 billion acquisition of iRobot Corp, maker of the Roomba vacuum cleaner.\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Battery Unit Ready for Investors:<\/h3>\n<p>BERLIN (Reuters) \u2013 Volkswagen\u2019s battery unit PowerCo will be ready for investors at the beginning of next year, battery chief Thomas Schmall\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Cryptocurrency Exchange Exit:<\/h3>\n<p>(Reuters) -Binance, the largest cryptocurrency exchange, said on Friday that it was leaving the Dutch market because it had been unable to\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors showed optimism as they purchased stocks and withdrew money from cash funds, according to BofA Global Research. Individual investor sentiment reached a 19-month peak, resulting in a $22.3 billion inflow into stocks and a $37.9 billion outflow from cash. This marked the first cash outflow in eight weeks.<\/p>\n","protected":false},"author":66,"featured_media":1948873,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[20431,13653,8528,22689,5311,10467],"class_list":["post-1948872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-bofa","tag-bull","tag-chase","tag-flock","tag-investors","tag-stocks"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1948872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1948872"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1948872\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1948873"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1948872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1948872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1948872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}