Bank of America
June 12, 2026
The Flow Show
Weekly UpdateEquitiesRates CreditCommoditiesInformation TechnologyFinancials
The BofA 'Flow Show' reports a 'sell' signal on the Bull & Bear indicator at 8.8 as tech inflows reach record highs. Investors are cautioned by inflationary trends reminiscent of the 1994 market environment.
Key Takeaways
- 1.BofA Bull & Bear Indicator rose to 8.8, triggering a 'sell' signal for global stocks.
- 2.Massive inflows to tech funds reached a record $12.3bn, contrasting with ongoing outflows from crypto and gold.
- 3.The 1994 analog suggests potential for market volatility due to inflationary pressures and the risk of Fed rate hikes.
Table of Contents
- The Flow Show
- Asset Class Flows
- Fixed Income Flows
- Equity Flows
- BofA private client flows & allocations
- The Asset Class Quilt of Total Returns
- BofA Rules & Tools
- BofA Bull & Bear Indicator (B&B)
- 2026 Cross-Asset Winners & Losers
- Acronyms
- Disclosures
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Michael HartnettAnya ShelekhinMyung-jee JungJessica Guo
Securities
Direxion Daily Semiconductor Bull 3xSOXX
Themes
Inflationary PressureFed Policy Risk
Regions
Asia PacificEuropeUnited StatesJapanIndia
