BofA's Hartnett team advises "still favoring safety," as US Treasuries see their longest inflow streak since August 2024.
Bank of America strategists led by Michael Hartnett stated that they "remain risk-off" in the coming weeks, citing rising real yields, the price action of AI and bank stocks, and potential market volatility from the US midterm elections. For the week ending October 14, US equity funds attracted $39 billion in inflows, while US Treasury funds recorded their 16th consecutive week of inflows, marking the longest streak since August 2024. Crypto funds experienced approximately $600 million in redemptions during the same week.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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