Money market funds saw $166.4B inflows last week, the largest since April 2020. BofA's Michael Hartnett says sustained Fed cuts are needed to unlock sidelined cash. He advises risk-off into midterms, avoid adding tech exposure, start buying 30-year Treasuries, selective small caps and REITs, long gold and EM, and notes 50% of global indexes below key moving averages. BofA Bull & Bear Indicator fell to 8.1 from 8.8, still in sell territory.
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