Investors exit stocks at fastest rate since March, 'tech fatigue' sets in: BOFA

FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri

Stock markets have staged a remarkable recovery in the past month after the coronavirus crisis cause a massive tumble in March. The rebound has been powered by technology stocks but BofA said there were signs of “tech fatigue”. Gold and high-yield bond funds both saw their biggest six-week inflows on record, with $32 billion flowing into high-yielding bonds in what analysts called a “high-yield comeback”.

Not according to this chart of the Tech heavy Nasdaq Composite ten week moving average

TrumpDepression coming...

corona virüs will destroy us economy. The economic situation is very bad. 3 thousand people dies ever day in america.

Who’s BOFA reuters

oh no

I think tech will be one of the winners when the virus particles finally settle. The market is not pricing in a depression yet.

What's BOFA?

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Source: Reuters - 🏆 2. / 97 Read more »