Bank of America : US stocks lead global losses

Cash flow to US stocks declined.
 

Global equity funds saw a sharp decline in cash flow.

The funds recorded outflows of more than $11 billion.

US stocks led the losses, with outflows of more than $9 billion.

European stocks saw a decline of approximately $600 million.

While the stock market was struggling, bond funds saw inflows of more than $15 billion this week.

Cryptocurrencies also saw new inflows approaching $1 billion.

Gold saw new inflows of more than $1.7 billion.

Gold is expected to see further inflows amid renewed tensions

in the Middle East, which could push gold higher in the coming period.