BofA's weekly flow report notes USD 25.5bln out of cash, USD 5.0bln out of stocks, USD 16.6bln into bonds, USD 0.5bln out of gold
Newsquawk Staff ·
BULL/BEAR
- BofA Bull & Bear Indicator fell to 9.1 (prev. 9.2), remaining in "sell" territory after the signal was triggered in May 2026.
- It said the fall was driven by equity outflows and weaker credit market technicals, including wider HY and AT1 spreads.
CASH/GOLD
- Cash saw USD 25.5bln of outflows, the biggest in eight weeks.
- Gold saw USD 0.5bln of outflows, with precious metals funds recording a sixth consecutive week of outflows.
EQUITIES
- BofA notes that stocks saw USD 5.0bln of outflows this week, with USD 9.2bln of inflows into ETFs and USD 14.1bln of outflows from mutual funds.
- DM: US equities saw USD 8.5bln of outflows, the first outflow in 13 weeks, following a record USD 119.2bln inflow. Japan equities saw USD 0.5bln of inflows, a third week of inflows. European equities saw USD 1.3bln of outflows, an 11th straight week of outflows.
- EM: EM equities saw USD 11.1bln of outflows, a second consecutive week of outflows.
- By sector: tech saw a record USD 9.3bln of outflows, following a record USD 19.2bln inflow; materials saw USD 2.2bln of outflows, energy USD 1.5bln (the biggest since April 2025), financials USD 1.0bln, communication services USD 0.5bln and consumer USD 0.1bln; REITs saw USD 0.9bln of inflows, the biggest since March 2024, healthcare USD 0.3bln and utilities USD 0.1bln.
- By style: US large cap saw USD 28.6bln of inflows, US value USD 5.8bln and US growth USD 1.2bln; US small cap saw USD 9.2bln of outflows.
BONDS
- BofA says bonds have now seen inflows for 61 straight weeks, with USD 16.6bln of inflows this week.
- Govt/Tsy bonds recorded their first outflow in nine weeks, at USD 94mln.
- TIPS saw USD 69mln of inflows, a 21st consecutive week of inflows.
- IG bonds saw USD 9.0bln of inflows, the smallest in eight weeks, and marking a 12th consecutive week of inflows.
- HY bonds saw USD 1.8bln of inflows, a second consecutive week of inflows.
- EM debt saw USD 3.2bln of inflows, a second straight week of inflows.
- Newsquawk Weekly Economic Release 26th - 30th October 2026
- Newsquawk European Market Wrap - 23rd October 2026
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce
- Daily US Equity Opening News: SPCX explores access to 80K US cell sites; OpenAI nears USD 30bln funding at $1.25T valuation
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call
Related headlines
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE2 hours ago
- Russia's Kremlin says Russian and Ukrainian militaries are working to determine dates for ceasefire talks2 hours ago
- Senior Ukrainian Official says that a ceasefire in Russian-occupied Oleshky is to be established soon2 hours ago
- The Trump administration plans to introduce voluntary “US Caught Seafood” labels to help consumers identify seafood origins, according to CBS1 hour ago
- US President Trump says they are "very close" to a deal with Mexico. Canada is working hard to make a deal.2 hours ago
- US President Trump says he discussed the North Sea with the UK PM. Conversation also include Iran and Ukraine.2 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"2 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports2 hours ago
- Japan is considering classifying energy and AI spending as defence expenditure amid pressure from the Trump administration to increase military budgets, according to Nikkei2 hours ago
- White House says First Lady Melania Trump successfully secured a ceasefire between Russia and Ukraine, localised to the city of Oleshky4 hours ago
- US President Trump says if there is still a problem with Starlink in Ukraine, then he will sort it2 hours ago
- Algeria has instructed producers of urea fertiliser to stop supplying France, according to reports; France has raised Algerian trade curbs at EU level4 hours ago
- Eni (ENI IM) expected to sign infrastructure contracts worth up to USD 1.8bln for a gas project in Cyprus in the coming days, according to the WSJ2 hours ago
- Oracle (ORCL) to invest USD 1bln in partner ecosystem over 4 years5 hours ago
- American Express (AXP) Q3 2026 (USD): EPS 5.42 (exp. 4.50), Revenue 20.1bln (exp. 20.1bln)6 hours ago