Live Updates > Live Update Details
2026-05-29 22:46:55
[Bank of America: Global Equity Funds See First Outflows in Nine Weeks] Bank of America reports that global equities have seen their first outflows in nine weeks, with cash and bond assets attracting inflows. Citing data from EPFR Global, Bank of America notes that in the week ending May 27, money market funds attracted $21.9 billion, and bonds attracted $23.6 billion. Meanwhile, the equity market saw an outflow of $7 billion, cryptocurrencies $1.2 billion, and gold $1 billion. Notable outflows include: Japanese equities experiencing their largest outflow since May 2025, amounting to $8.2 billion. A team of Bank of America strategists led by Michael Hartnett points out that while the S&P 500 hit a record high, only 21 of its components (representing 4% of the benchmark index) reached new highs. In contrast, before the bursting of the dot-com bubble in March 2000, only 20 components reached new highs. The team stated that, referencing investment roadmaps following previous bubble bursts since 1929, going long on bonds is often an option, as 10-year Treasury yields typically fall by about 50 basis points within six months of a major market top. Additionally, going long on defensive assets and/or stock sectors/styles that have significantly underperformed in the final months of a bubble is also a viable strategy.
