BofA Sees ‘Zero Capitulation’ as Stock Funds Take In $17 Billion
- It’s been a ‘sell hubris, buy humiliation’ market, BofA says
- Bond funds are seeing outflows because of hawkish Fed policy
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The brutal selloff this week isn’t scaring investors from putting their money in the stock market.
In the week that pushed the S&P 500 Index to the verge of a correction, stock funds absorbed billions of cash.