From Investing.com: 2024-11-15 04:22:24

US equity funds saw their largest weekly inflows since March, with $55.8 billion invested. Crypto funds received a record $6 billion, showing strong investor interest in risk assets. BofA noted a shift from bonds to stocks, emerging markets to US, and gold to crypto. US stocks are trading at a 75-year high compared to global equities.

BofA sees the milestone as a sign of “US exceptionalism” driven by strong growth expectations and US dollar strength. The Bull & Bear Indicator dipped slightly to 5.9, indicating extreme bullishness is focused on US stocks. US large-cap equities attracted $44.1 billion, while small caps gained $6.7 billion. Emerging markets faced $7.5 billion in outflows, with Chinese equities seeing record outflows.

European equities suffered with $3.1 billion in outflows. Materials funds received a record $5.6 billion inflow, while financials saw their largest weekly inflow since January at $2.6 billion. Utilities had their biggest outflow since March 2015 at $1.1 billion. Gold funds saw $1.6 billion in outflows, the highest since July 2022.

US Treasuries saw their largest outflow since January, with $3.5 billion withdrawn. Investment-grade bonds had $2.1 billion in inflows, the smallest year-to-date addition. Bank loans had their largest inflow since April 2022 at $2.1 billion.



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