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Updated · Bloomberg · Jul 3US Stock Funds Suffer $17.2 Billion Outflows, Largest Since March
1 articles · Updated · Bloomberg · Jul 3Summary
- $17.2 billion left US stock funds in the week through July 1, marking the biggest weekly outflow in more than three months.
- Bank of America flagged the retreat as the fastest turn away from US equities since March in a note led by strategist Michael Hartnett.
- The estimate was based on EPFR Global flow data, underscoring a sharp pullback in investor demand for US stock exposure.
Insights
Market valuations now exceed the 1929 peak. Is this record stock outflow the first tremor before a historic market crash? As investors cash out of AI stocks, are they smartly rotating to value or fleeing a bubble on the brink of bursting? Can the Fed prevent stagflation while battling sticky inflation, a cooling job market, and a geopolitical oil shock?