BofA's weekly flow report notes USD 19.8bln from cash, USD 25.9bln into stocks, USD 12.4bln into bonds, USD 0.9bln into gold, USD 1.7bln into crypto

BULL/BEAR INDICATOR:

BofA says its Bull & Bear Indicator is unchanged at 6.3, remaining in neutral territory, with IG/HY bond and tech inflows, more bullish UST and gold positions offset by bearish S&P 500 and VIX futures positions.

CASH/GOLD:

EQUITIES:

Stocks saw USD 25.9bln of inflows, annualising to a record USD 1.0tln YTD.
DM: US equities saw USD 18.0bln of inflows over the past four weeks. Europe equities saw USD 1.1bln of outflows over the past two weeks. Japan equities saw USD 0.8bln of outflows over the past four weeks.
EM: EM equities saw USD 6.5bln of outflows over the past two weeks.
By sector: Consumer equities saw USD 38mln of inflows, their first inflow since January 2026; Utilities saw USD 0.2bln of outflows, their first outflow in 10 weeks. Materials saw USD 2.1bln of inflows, Communication services USD 1.3bln, Tech USD 0.4bln; REITs saw USD 54mln of outflows, healthcare USD 58mln of outflows, utilities USD 0.2bln of outflows, financials USD 0.3bln of outflows, and energy USD 0.3bln of outflows.
By style: US large cap saw USD 17.0bln of inflows, while US growth saw USD 0.3bln of outflows, US value USD 1.0bln of outflows and US small cap USD 1.8bln of outflows.

BONDS:

Bonds have now seen USD 12.4bln of inflows over the past 52 weeks.
Govt/Tsy saw USD 13mln of outflows over the past two weeks.
TIPS saw USD 0.6bln of inflows, marking a 12th consecutive week of inflows.
IG bonds saw USD 3.0bln of inflows over the past three weeks, annualising to a record USD 434bln YTD.
HY bonds saw USD 0.8bln of inflows over the past three weeks.
EM debt saw USD 6.6bln of inflows over the past two weeks, the biggest since December 2025.
Munis saw inflows resume at USD 1.7bln.
Bank loans saw USD 1.0bln of inflows over the past four weeks, the biggest since January 2026.