Bank of America: "Market Mocks And Loves The Fed"
Zero Hedge -

One week after BofA CIO Michael Hartnett stated that he had observed capitulation among a subset of equity investors, noting record outflows from Emerging Markets and an exodus from European stocks amid rising fears of a global trade war ...

... Hartnett notes that sentiment has shifted as if on a dime, and has resulted in the following latest weekly flows, per EPFR:

Back into Bonds: $5.6bn bond inflows, biggest in 12 weeks,

Back into Stocks: $1.2bn equity inflows, all of which in the US...

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