STORY CONTINUES BELOW THESE SALTWIRE VIDEOSLONDON - Bullish investors poured money into tech stocks for the 10th straight week, the longest streak in two years BofA Global Research said, while U.S. Treasuries are set for their worst yearly performance since the Declaration of Independence.
Investors have been buying stocks on increasing hopes that the U.S. economy will achieve a soft landing - slowing enough to bring inflation back to the Federal Reserve's target, but not dramatically. The flows into equities have also been narrowly based, with tech stocks accounting for $34 billion of inflows year to date, vastly ahead of the next largest sector, consumer stocks, with $4 billion in inflows.
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