BofA Flow Show (USD): BofA Bull & Bear Indicator dips to 9.2 from 9.4

Weekly Flows: 

• 5.4bn to bonds, 4.9bn to gold, 0.7bn to cash, 1.2bn from crypto  (biggest outflow in 2 months), $43.2bn from stocks (record outflow driven by China  ETFs).

Flows to know: 

• China equities: 49.2bn outflow.
• Japan equities: 2.2bn inflow, biggest since Oct’25.
• US equities: 16.8bn outflow, 1st outflow in 2 weeks.
• Europe equities: 0.7bn inflow