[Bank of America: Money market funds have experienced the largest inflow since April 2020, offsetting the outflow of the previous week] On October 9, Bank of America strategists said that investors have turned to cash assets, and money market funds have recorded the largest inflow of funds since April 2020, offsetting the outflow of the previous week. Bank of America cited EPFR global data: As of the week of October 7, money market funds attracted US$166.4 billion, bonds of US$33.8 billion, stocks of US$12.4 billion, gold of US$2 billion, and cryptocurrencies of US$600 million. Key weekly capital flows: Technology funds recorded the largest inflow in six weeks, with a scale of US$3.5 billion; the financial sector recorded the largest outflow since March, with a scale of US$3 billion. A team of strategists led by Michael Hartnett said that cash funds will remain on the sidelines until large-scale monetary easing and/or continued interest rate cuts by the Federal Reserve are implemented. "If interest rates are not cut, cash will not be withdrawn."