Analysts at BofA noted a huge US$46.4 billion flowed into equities in the latest week, while the outflow from cash was the largest in four months. — Reuters pic
Prime Minister Boris Johnson will chair an emergency response meeting today to discuss international travel and the flow of freight in and out of Britain. Analysts at BofA noted a huge US$46.4 billion flowed into equities in the latest week, while the outflow from cash was the largest in four months. There were record flows into tech shares, a large flows to the consumer sector, healthcare, financials, real estate and value stocks.
Another popular trade has been shorting the US dollar and again positioning was looking overextended by many measures, giving the currency some respite today.