Cash Reigns Supreme as Investors Flee Turmoil.
Investors poured $112.7 billion into cash funds in the week to March 15, the highest weekly rate since April 2020, according to BofA Global Research. Meanwhile, equity funds saw a "tiny" weekly outflow of $26 million, and investors pulled $2.3 billion from bonds and put $600 million into gold. Despite the recent market turmoil, BofA said there was "no equity capitulation". However, emergency borrowing by banks could lead to tighter lending standards, a small business credit crunch, and higher unemployment.