BofA weekly card spending data (w/e 21st June): +6.8% (prev. +5.9%), holiday timing likely provided a boost
Newsquawk Staff ·
BofA weekly card spending data (w/e 21st June): +6.8% (prev. +5.9%), holiday timing likely provided a boost.
- BofA Weekly Flow Show (w/e 14th Oct):
- US PCE/Fed sell-side commentary after CPI: Pantheon now expects the Fed to hike by 25bps in December
- BofA Fund Manager Survey suggests that a US 10-year Treasury yield at 5.9% would prompt a shift in allocations from equities into bonds
- BofA Flow Show (w/e 30th September): USD 18.8bln to bonds, 15.8bln to stocks, 0.9bln to crypto, 0.7bln to gold, 118.0bln from cash on quarter-end; Bull and Bear indicator 8.8 (prev. 9.3)
- BofA Flow Show: Bull & Bear indicator 9.3 (prev. 9.5)
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