The report highlights a market 'sell signal' triggered by the BofA Bull & Bear indicator alongside concerns about an inflation-driven 'wealth-price spiral'. Rising US CPI and labor market tightness are viewed as key catalysts for potential market volatility in June.
Key Takeaways
- 1.BofA Bull & Bear Indicator rose to 8.7, maintaining a 'sell' signal for the 3rd consecutive week.
- 2.Record inflow to bond funds ($39.0bn) alongside a significant cash inflow ($122bn), despite strong equity inflows.
- 3.June presents significant macro risks, including US payrolls, CPI prints exceeding 4%, and pivotal central bank meetings.
Table of Contents
- The Flow Show
- Flows to Know
- June Swoon Risks
- A short history of IPOs
- A short history of Latin American & European politics
- The World Cup Quiz
- Answers
- Asset Class Flows
- Fixed Income Flows
- Equity Flows
- BofA private client flows & allocations
- The Asset Class Quilt of Total Returns
- BofA Rules & Tools
- 2026 Cross-Asset Winners & Losers
- Acronyms
- Disclosures
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Authors
Michael Hartnett
Securities
NVDA
Themes
Inflationary pressureBull & Bear IndicatorWealth Effect
Regions
GlobalEuropeUnited StatesChinaJapan