Bank of America: Investors have recently flocked to Chinese stocks in the past week

Bank of America strategists stated that investors have once again poured funds into Chinese stocks over the past week. As of Wednesday, Chinese equity funds received approximately $5.6 billion in capital allocation, marking the largest inflow in nine weeks, according to strategists including Michael Hartnett, citing EPFR Global data. He also believes that the first quarter of next year is a point for entering non-U.S. stocks. Given that investors have already positioned themselves heavily for rising U.S. dollar and Treasury yields, there is a risk of overshooting early next year. He considers bonds, gold, and international stocks attractive under the assumption that persistent inflation will force the Federal Reserve to become more hawkish