Bank of America Says Investors Pulled $8,900,000,000 out of US Markets in One Week, Fleeing to Foreign Markets: Report
Bank of America (BOFA) has shown that investors seem to flee the US markets following the volatility induced by prices.
The financial giant notes in a new analysis that American actions experienced an $ 8.9 billion during the week before April 30, CNBC reports.
European shares, on the other hand, experienced an entry of $ 3.4 billion during the week before April 30, and Japanese shares saw an influx of $ 4.4 billion.
Bofa also notes that for each $ 100 influx on the US stock market since the presidential election last November, there were $ 5 out of the last three weeks.
The cryptography sector experienced $ 2.3 billion inputs last week, and high -efficiency bonds saw $ 3.9 billion inputs, suggesting the risk of investors for the risk, according to Bofa. Gold and treasury bills, on the other hand, saw a combined value of $ 6 billion in outings.
The bank notes that its customers are now more worried about deflation than in inflation and have adjusted their portfolios accordingly, by acquiring public service actions and low volatility and high dividends (ETF) funds.
Last month, the Bank of America market strategist warned that the US stock market takeover could be short -lived, advising customers to “sell rallies in American shares and the dollar”.
Bank's strategists have declared that the discharge of the US dollar is the “most suitable investment theme to play”.
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