BofA Strategists Say Investor Exodus Signals 'True Capitulation' - 13 mai 2022

Money is leaving every asset class and the exodus is deepening as investors rush out of names like Apple Inc. (US.AAPL), according to Bank of America Corp. strategists. Equities (DE.SXR8), bonds (US.CBU0), cash and gold (DE.G2X) all saw outflows in the week ended May 11, strategists led by Michael Hartnett wrote in a note, citing EPFR Global data. At $1.1 billion, technology stocks (DE.QDVE) suffered their biggest withdrawals so far this year, second only to financials (DE.ZPDF), which lost $2.6 billion. “The definition of true capitulation is investors selling what they love,” Hartnett said, citing Apple, big tech, the dollar and private equity. The meltdown in cryptocurrencies (BITO) and speculative tech now rivals the internet bubble crash and the global financial crisis, he said.

https://finance.yahoo.com/news/bofa-strategists-investor-exodus-signals-084117583.html