Bank of America
July 2, 2026
The Flow Show
Weekly UpdateCommoditiesEquitiesRates CreditEnergyFinancials
The BofA 'Flow Show' report highlights rising bearish sentiment as the Bull & Bear indicator hits 9.5, triggering a sell signal. Despite record inflows into technology, broader equity outflows and commodity weakness define current market flows.
Key Takeaways
- 1.BofA Bull & Bear indicator rose to 9.5, signaling a Sell for global equities.
- 2.Large inflows into technology funds continue, on track for a record $152bn YTD.
- 3.Investors are rotating out of commodities and energy while keeping strong appetite for corporate bonds.
Table of Contents
- 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
- 2026 Cross-Asset Winners & Losers
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Authors
Michael HartnettAnya ShelekhinMyung-jee JungJessica Guo
Securities
S&P 500TLT
Themes
AI Arms RaceUS vs UK Long-term Economic History
Regions
GlobalAsia PacificUnited StatesJapanChina