LONDON (Reuters) – Investors piled into equities, while pulling money out of gold and bonds in the week up to March 10, data from BofA Global Research showed.
BofA’s weekly flows report showed investors put $31.5 billion into equities, while taking $1.8 billion out of gold and $15.4 billion out of bonds. Bond yields spiked higher last week on inflation fears, while high-flying tech stocks sold off as investors rotated into cheaper value stocks.
Citing data from EPFR Global, BofA said last week saw the third-largest flows into emerging market stocks ever, and second-largest into value stocks. . Nick Note: the NASDAQ is an aggressive buy. On pull backs double down. Vast sums of money and incredible stupid buyers are about to come into this market in mass. We want to ride the tsunami wave… And as it crashes ashore we want to short the shit out of stocks. Aggressive traders we will buy the rally and ride the wave. When the time comes this will be the greatest shorting opportunity ever. Risk Adverse ETF players go short stay short and WAIT… the big money will be made as the newest groups of suckers are cashed out.