Bank of America Monitors Markets Amid Violent Movements

Investing.com – Bank of America (NYSE:) announced fund movements across various markets over the weekend, as follows:

• The first outflow from the US money market in 8 weeks, exiting 65.3 billion in the week ending April 19, the largest exit since February 2022.
• $4.6 billion in bonds, $70 billion in gold, and $2.6 billion in equities.
• Record inflow into emerging market debt market (first of its kind in 10 weeks), $600 million entry, $2.3 billion entry into emerging market equities.
• A continuous influx of investors into technology stocks of $600 million, recording the largest inflow into health sector stocks since November 2021 with $1.8 billion, and the largest inflow into consumer sector stocks since December 2021 with $1.5 billion.
• The Bank of America’s bear and bull index indicates a jump from 2.3 to 2.8, as cash flows into emerging market bonds and stocks, and credit techniques improve.