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For All Their Worries, Investors Are Piling Into US Stocks

  • US equities see inflows for sixth week in a row, BofA says
  • Bonds see largest outflows since 2020, $50 billion exits cash
Bloomberg business news
WATCH: Brazier says “equities don’t look cheap” and explains where BlackRock sees investment opportunities.Source: Bloomberg

For all the talk of bear markets and a possible recession, investors continue to pile into American equities.

US stocks attracted $14.8 billion in the week to June 15, their sixth consecutive week of additions, according to Bank of America Corp. strategists, who cited EPFR Global data. In total, $16.6 billion flowed into equities globally in the period, while bonds had the largest redemptions since April 2020 and just over $50 billion exited cash, the data showed.