BofA Flow Show: USD 2.5bn into bonds (26th consecutive week), USD 0.3bln from gold, USD 4.3bln from cash, USD 16.9bln from stocks (largest since Dec’22)

Regional equity flows: US outflows resumed at USD 17.9bln, Japan saw inflows of USD 0.3bln (2nd consecutive week), Europe saw USD 3.1bln of outflows (28th consecutive week), EM inflows resumed at 2.6bln.
Style: outflows of USD 3.6bln for US small caps, USD 3.8bln from value, USD 3.8bln from growth and USD 8.6bln from large caps.
Sector: inflows were seen in tech (USD 1.3bln), energy (USD 0.8bln), materials (USD 0.2bln), consumer (USD 0.2bln), outflows were seen in communication services (USD 0.2bln), real estate (USD 0.4bln), healthcare (USD 0.5bln) and financial (USD 1.4bln).
BofA Bull & Bear Indicator: drops to 3.4 from 3.6 driven