Investors shed stocks at the fastest weekly rate in 2023

LONDON - Investors sold stocks at the fastest weekly rate this year in the week to Wednesday, Bank of America Global Research said in a report on Friday. Equities recorded a weekly outflowCountering the culture war with education and empathy | SaltWire #TransRights #HalifaxProtestLONDON - Investors sold stocks at the fastest weekly rate this year in the week to Wednesday, Bank of America Global Research said in a report on Friday.

Equities recorded a weekly outflow of $16.9 billion, while investors bought $2.5 billion, of bonds, which recorded a 26th straight week of inflows, BofA said, citing EPFR data. They also pulled $300 million from gold and $4.3 billion in cash. Year-to-date however, investors have ploughed $1 trillion into cash. BofA described the mindset as"cautious & “paid to wait”.BofA's bull & bear indicator, a measure of market sentiment, fell to 3.4 from 3.6.

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Investors shed stocks at the fastest weekly rate in 2023Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
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