BofA's weekly flow report notes USD 70.7bln into cash, USD 36.8bln into stocks, USD 8.7bln into bonds, USD 3.5bln into gold, USD 0.2bln into crypto

• BofA says its Bull & Bear Indicator is unchanged at 6.3, remaining in neutral territory after the contrarian sell signal that began on 17th December ended on 25th March

• Cash saw its biggest inflow in 9 weeks at USD 70.7bln
• Gold saw its biggest inflow in 6 weeks at USD 3.5bln

• Stocks saw their biggest inflow in 3 weeks at USD 36.8bln, with YTD inflows of USD 275bln on course for a record year
• Japan equities saw their biggest outflow since November 2025 at USD 2.1bln
• Consumer equities extended their outflow streak to 12 weeks, the longest since February 2003
• Energy saw its biggest outflow since July 2024 at USD 1.4bln, and its first outflow since November 2025
• By style, US large cap saw USD 27bln of inflows, while US small cap saw USD 3.3bln of outflows
• By sector, materials saw USD 2.1bln of inflows, healthcare saw USD 0.9bln of outflows, energy saw USD 1.4bln of outflows

• US Treasuries saw USD 5.3bln of inflows, marking the 10th consecutive week of inflows
• High yield bonds saw their first inflow in 7 weeks and their largest inflow since December 2025 at USD 1.6bln
• EM debt saw outflows for a fifth consecutive week at USD 0.5bln

The latest BofA weekly flow report indicates significant capital movements, with cash inflows hitting USD 70.7 billion, reflecting a strong preference for liquidity during uncertain market conditions. The inflows into stocks, particularly in large caps, suggest renewed investor confidence but are tempered by ongoing outflows in consumer equities and energy, which may signal sector-specific concerns. Overall, the neutral Bull & Bear Indicator suggests a wait-and-see approach from investors as they navigate the mixed signals across asset classes.