Wall Street is seeing money pour in at a near record-setting pace
|06/17/2017||Posted by BusinessMediaguide.Com under General World News||
Add last week’s sharp tech sell-off to the list of things stock traders are willing to overlook.
They poured a whopping $24.6 billion into equities in the week ended June 14, the most since the US election, according to data compiled by Bank of America Merrill Lynch.
But it wasn’t a celebration just for stocks. Bonds also absorbed $9 billion in fresh capital. When all was said and done, investors put $35.5 billion into Wall Street over the period, the second-most on record.
Amid the recent broad-based inflows, investors have been loading up on high-yielding fixed income products for a month, BAML read more >>>