U.S. Stock Funds See $17.2B Weekly Outflow, Largest Since March; Sell Signal Persists Six Weeks

According to Bank of America's latest weekly report, U.S. stock funds recorded a net outflow of $17.2 billion for the week ending July 1, the largest weekly redemption since March 2026, marking the second consecutive week of net outflows.

Bank of America's bull-bear indicator rose to 9.5, remaining in extremely bullish territory. The sell signal triggered on May 20 remains unresolved after six weeks. Historically, the indicator has issued 17 sell signals since 2002, with global equities typically declining 2-3 percent over the following 2-3 months; the signal carries roughly 60 percent accuracy, with maximum historical drawdowns of 15-20 percent.