A new era of volatility begins, but tech inflows continue: BofA

FILE PHOTO: Dividers are seen inside a trading post on the trading floor as preparations are made for the return to trading at the New York Stock Exchange in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid/File Photo/File Photo

Hovering close to 1.6%, U.S. 10-year Treasury yields have risen close to 45 basis points in the last one month, triggering a selloff in equities, which lost $4 trillion in market value since the mid-February peak. The bond market slump is yet prompt a major change in positioning among investors, with a record 62.6% of BofA’s clients invested in stocks.

BofA is still on a software platform from the Nixon era. I wouldn't put much faith in their analysis.

nifty50 banknifty Instead of markets, it is FED which is addicted to markets. 🤣 BOFA: $29 trillion monetary and fiscal stimulus has led to “addictive” Wall Street-Fed dependency culture. Markets will now likely push the Fed for more

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