Investors pulled out a record amount from Corporate Bond ETFs in October, while US bankruptcies and housing defaults surged. Bank of America forecasts a record year for cash funds, suggesting widespread concern and a cautious market approach.
Corporate Bond ETFs had an outflow of $9.4 Billion in October, the highest amount in history pic.twitter.com/xbvPs24jUq
— Barchart (@Barchart) November 10, 2023
BANKRUPTCIES 🏬 pic.twitter.com/xyMFGpUzfP
— Win Smart, CFA (@WinfieldSmart) November 10, 2023
ALERT: Housing defaults are now at the highest levels in a decade
This won’t end well pic.twitter.com/bZt1o2mHxP
— Bravos Research (@bravosresearch) November 10, 2023
Cash funds remain among the most popular asset classes and are set for a record year of inflows at $1.4 trillion in 2023: Bank of America strategists pic.twitter.com/o4diIboqIE
— Lisa Abramowicz (@lisaabramowicz1) November 10, 2023
The chart of the week: pic.twitter.com/kVnBb5vzct
— Mac10 (@SuburbanDrone) November 10, 2023