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Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, highlights a shift in investor sentiment as global flows into stock funds are slowing. U.S. equity funds have reported $14.2 billion in outflows over the past three weeks, marking the most significant withdrawals since January, according to BofA and EPFR. Meanwhile, bond inflows are picking up, which may signal that higher bond yields are starting to attract investors away from equities.
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Abramowicz has previously reported that U.S. workforce participation is at a five-year low. In a separate note, she highlighted that the U.S. Financial Conditions index is now at its loosest level since the 1990s. These data points have contributed to ongoing debate over the strength of the labor market and the degree of monetary accommodation.