Bank of America warns of excessive market calm masking volatility risks, citing $14.2B equity fund outflows in three weeks and rising Treasury yields and energy costs.
Macro & Markets ·
Bank of America warned that markets are experiencing excessive calm masking underlying volatility risks, citing $14.2 billion in U.S. equity fund outflows over three weeks—the largest since January 2026. Rising Treasury yields, oil prices above $100, and record diesel fuel costs are pressuring markets amid investor complacency and lack of decisive government action, according to BofA and EPFR data.