Investors Inject Record $136.4 Billion into Cash, Bolster Stocks and Bonds
Investors poured a staggering $136.4 billion into cash in the week to Wednesday, the largest weekly inflow since March 2023, when markets were shaken by a regional banking crisis, according to a report from Bank of America. The investment bank cited data from EPFR, which also revealed that investors snapped up $8.2 billion of stocks and $4.9 billion of bonds. However, they sold $0.4 billion of gold.
Cryptocurrencies received a $3 billion injection, marking their largest four-week inflow ever, with a total of $11 billion flowing in. The buying of US equities continued for the ninth consecutive week, with inflows into small caps ballooning to a record high.