Investors Rush To Buy European Stocks And Emerging Market Debt After Macron Win

Following the French election, investors plowed a record amount of cash into European equities according to Bank of America Merrill Lynch’s weekly flow show report. In what can only be described as a complete 180 by BAML investors, $6.1 billion flowed into European equities following Macron’s win, the largest weekly flow for European stocks on record. As shown in the chart below, the only other time flows came close to reaching this level was the beginning of 2015 when the ECB began its quantitative easing program. Emerging Market debt is also hot again with investors. BoA: Emerging Market Debt and…