Latest news with #cashfunds
Yahoo
08-08-2025
- Business
- Yahoo
BofA's Hartnett Says US Stocks Hit by Outflows as Rally Stalls
(Bloomberg) — Investors are pulling money from US equities and flocking into cash funds, Bank of America Corp.'s (BAC) Michael Hartnett said, amid renewed concerns that sweeping tariffs are crimping economic growth. All Hail the Humble Speed Hump Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Major Istanbul Projects Are Stalling as City Leaders Sit in Jail What England's New National Cycling Network Needs to Get Rolling Nearly $28 billion was redeemed from US stocks in the week through Aug. 6, while money market funds attracted about $107 billion, the biggest inflows since January, according to a note from the bank citing EPFR Global data. A record-breaking rally in the S&P 500 Index (^GSPC) stalled last week as data showed a slowdown in the US labor market. Investors are also worried about the outlook for corporate earnings as President Donald Trump's new levies took hold Thursday. The average tariff rate has now risen to 15.2%, well above 2.3% last year and the highest level since the World War II era. The focus is turning to the Federal Reserve, with swaps markets pricing in about 100 basis points in rate cuts by mid-2026. Hartnett said a majority of the bank's clients are betting on a 'Goldilocks' outcome, which implies an economy that's running neither too hot nor too cold. He said investors expect a scenario where lower rates would fuel a rally in equities. The strategist, whose recommendation on international stocks versus the US proved correct this year, has warned of a potential equity market bubble in recent weeks. —With assistance from Michael Msika. The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing Russia's Secret War and the Plot to Kill a German CEO It's Only a Matter of Time Until Americans Pay for Trump's Tariffs The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Sign up for the Yahoo Finance Morning Brief By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-08-2025
- Business
- Yahoo
BofA's Hartnett Says US Stocks Hit by Outflows as Rally Stalls
(Bloomberg) -- Investors are pulling money from US equities and flocking into cash funds, Bank of America Corp.'s Michael Hartnett said, amid renewed concerns that sweeping tariffs are crimping economic growth. All Hail the Humble Speed Hump Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Major Istanbul Projects Are Stalling as City Leaders Sit in Jail What England's New National Cycling Network Needs to Get Rolling Nearly $28 billion was redeemed from US stocks in the week through Aug. 6, while money market funds attracted about $107 billion, the biggest inflows since January, according to a note from the bank citing EPFR Global data. A record-breaking rally in the S&P 500 Index stalled last week as data showed a slowdown in the US labor market. Investors are also worried about the outlook for corporate earnings as President Donald Trump's new levies took hold Thursday. The average tariff rate has now risen to 15.2%, well above 2.3% last year and the highest level since the World War II era. The focus is turning to the Federal Reserve, with swaps markets pricing in about 100 basis points in rate cuts by mid-2026. Hartnett said a majority of the bank's clients are betting on a 'Goldilocks' outcome, which implies an economy that's running neither too hot nor too cold. He said investors expect a scenario where lower rates would fuel a rally in equities. The strategist, whose recommendation on international stocks versus the US proved correct this year, has warned of a potential equity market bubble in recent weeks. --With assistance from Michael Msika. The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing Russia's Secret War and the Plot to Kill a German CEO It's Only a Matter of Time Until Americans Pay for Trump's Tariffs The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
08-08-2025
- Business
- Bloomberg
BofA's Hartnett Says US Stocks Hit by Outflows as Rally Stalls
Investors are pulling money from US equities and flocking into cash funds, Bank of America Corp.'s Michael Hartnett said, amid renewed concerns that sweeping tariffs are crimping economic growth. Nearly $28 billion was redeemed from US stocks in the week through Aug. 6, while money market funds attracted about $107 billion, the biggest inflows since January, according to a note from the bank citing EPFR Global data.
Bloomberg
27-05-2025
- Business
- Bloomberg
Markets Have About $7 Trillion in Firepower Into Nvidia Earnings
An upbeat earnings report by Nvidia Corp. would bode well for a rally in US equities as investors have about $7 trillion parked in cash funds, according to BBVA strategists. Institutional positioning in the US technology sector is 'undemanding' with hedge funds and mutual funds still substantially underweight, strategist Michalis Onisiforou said. Exposure of trend-following Commodity Trading Advisors (CTA) to the broader stock market is also neutral, while volatility control funds have plenty of room to add to risk, he said.
