BofA Clients Pile In: 6th-Biggest U.S. Stock Buying Spree Since 2008

‼️ Bank of America clients turned net buyers of U.S. equities for a second straight week, posting the sixth-fastest weekly inflow pace since 2008 with $3.9B into single stocks and $3.1B into equity ETFs, the biggest weekly inflows since mid-July. The buying, driven by institutional and hedge-fund clients, focused on large- and mid-cap names (SPY, SPMD) while private clients remained net sellers for a sixth week and small caps (IWM) were trimmed. Sector flows showed clear rotation: eight of 11 S&P sectors saw inflows, led by technology (XLK) for a second week, with communication services (XLC) also returning to positive flows after five weeks of outflows, even as the S&P 500 edged up just 0.1% over the period.

Brent Breaks $100: US–Iran Escalation and China’s Oil Rebuy Fuel Triple-Digit Crude

‼️ BREAKING: Brent crude topped $100 a barrel for the first time since July, driven by escalating US–Iran tensions and a rebound in Chinese oil demand. Futures rose more than 2% in London on Wednesday, pushing Brent up over 60% this year and above $100 for the third time in 2026. Refined products, especially diesel, have rallied even more sharply.

Hedge Funds Bet on a Yen Breakout as USD/JPY Options Target 140

‼️ 💴 Hedge funds are positioning for dollar-yen to fall below 150 by year-end, with longer-dated options targeting levels near 140. The most-active USD/JPY trade on Tuesday was a November put with a 142.86 strike, CME data show, underscoring rising demand for downside protection. Citi says leveraged investors are increasingly active as markets price a potential currency-regime shift.