Bears Capitulate With Massive Equity Inflow

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After 13 weeks of near constant selling by institutional and retail investors, which as we noted last Friday resulted in the worst start to a year for equity flows since 2008, paradoxically even as the market was grinding ever higher…

… the bears finally threw in the towel in the latest week, when according to EPFR data compiled by Bank of America, investors bought a whopping $27.26bn of US stock funds and ETFs in the week ending on March 13th. This was the second largest inflow on record, behind $38.30bn from March of last year, and contrasts with a mix

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