BofA's Hartnett sees a 'high' risk the S&P 500 overshoots in Q1
Investing.com -- Cash contributed the majority of money flows last week, while crypto funds attracted another jumbo inflow, Bank of America revealed Friday.
Most notably, crypto funds achieved their largest-ever four-week inflow of $11 billion, reflecting renewed investor appetite for digital assets following Donald Trump’s win in the recent US election. On macro, the strategist said the Federal Reserve will likely ease rates at its meeting on Dec. 18 unless November US payrolls exceed 275,000 and Average Hourly Earnings grow by more than 0.3%.
In fixed income, investment-grade bonds extended their streak to 58 weeks of inflows, garnering $7.3 billion.
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