EPS recession is coming; Citi upgrades US equities, Tech to Overweight
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'Dash for cash continues': $508 billion inflows to cash in Q1 - BofA
March 31, 2023 6:51 AM EDTBank of America strategist Michael Hartnett reflected on recent flows as investors continue to seek shelter in cash. As much as $508 billion went to cash in the first quarter, the largest quarterly inflow since the pandemic and 1Q20.
In the week to last Wednesday (March 22), the market saw $142.9B in inflows to cash. For a week to March 29, an additional $60.1B went to cash while $2.3B were inflows to bonds. On the other hand, outflows from equities were... More
