IG Bond Flows Investment-grade corporate bond funds continue to attract investors, resulting in the biggest 5-week inflow. Image: BofA Global Investment Strategy

China Equity Flows While the initial surge in inflows reflected optimism about China’s economic recovery, subsequent outflows highlight the fragility of market sentiment amidst ongoing economic challenges. Image: BofA Global Investment Strategy

Tech Flows Tech funds experienced their largest outflow since June 2024, marking a significant shift for the sector that had previously enjoyed positive momentum. Image: BofA Global Investment Strategy

Corporate Clients’ 4-Week Average Buybacks vs. S&P 500 Total Quarterly Buybacks BofA’s corporate clients are significantly increasing stock buybacks, defying recession fears and indicating a positive market outlook, suggesting these companies expect ongoing growth and…

FMS Investors – Biggest “Tail Risk” Concerns about geopolitical conflict have risen among FMS investors, with 33% now viewing it as the biggest “tail risk” for the global economy, primarily due to its potential negative…

U.S. Money Market Fund Assets and Fed Funds Rate The current environment suggests that a substantial amount of capital is poised to flow back into equity markets, driven by expectations of favorable economic conditions and…

Dow Theory – Dow Jones Industrial Average and Dow Jones Transportation Average Currently, the Dow Jones Transportation Average has not confirmed the recent highs of the Dow Jones Industrial Average, which is viewed as a…

S&P 500 and U.S. High Yield OAS The new cycle low in the U.S. high yield option-adjusted spread is seen as a promising signal for the S&P 500, supporting bullish expectations as we approach the…

Treasuries Flows BofA’s private clients are increasingly favoring U.S. Treasuries, particularly those with maturities between 2 to 10 years, as they anticipate a decline in yields in the near future. Image: BofA Global Investment Strategy

S&P 500 EPS Growth Consensus estimates suggest that 72% of S&P 500 companies are projected to report EPS growth in 3Q24, reflecting a broader trend of improving earnings outlooks across various sectors. Image: BofA US…

S&P 500 Advance-Decline Line The S&P 500 advance-decline line serves as an essential indicator of market trends and sentiment. When it hits an all-time high, it typically signals positive news for the U.S. stock market.…