Investors pumped $45 billion into stocks as recession fears melt away

Investors in June pumped more money into stocks than they have in a single month since March 2022, as fears of a recession fade.

Inflows into stocks rose to $45 billion through the month of June, according to Bank of America. The massive allocation to equities is contrary to patterns seen over the past six months, where investors"While yields are still attractive, recession fears are easing," Bank of America strategists said."The 9% increase in the S&P 500 since April month-end likely attracted the $45bn June inflow into equity funds / ETFs.

Markets have been bracing for a recession for most of the past year amid the Fed's battle to rein in high inflation by raising interest rates.

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