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Bank of America: Money market funds report the largest flow outflow since December 2019
Bank of America said in a report on Friday that money market funds have experienced the largest money-back operations since December since December 2019 in the week ending Wednesday, while $ 7.1 billion has been withdrawn enabling stock funds.
Bank of America said its "bull and bear" index was no longer in the "buy" zone for the first time since March 17.
The report showed that investors also pumped $ 15.3 billion into bond funds and $ 2 billion in gold.
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