BoA Fund Flows: Outperformance Of "Deflation" Assets Over "Inflation" Reverses Last Flour Years

Am I off base on disinflation?

The latest BoA Fund Flows report harps on the post-Covid performance of “inflation” assets over “deflation” assets.

But are private clients not seeing the forest from the trees as defesnsive sectors continue to outperform as investors eagerly await rate cuts, or am I off base?

The Macro Brief: Defensive Sectors Outperforming Cylcials Ahead of PPI/CPI