BofA Says US Stocks Saw Outflow in Week Trump Threatened Tariffs

Jan. 23, 2026, 10:52 AM UTC

US stocks suffered nearly $17 billion in outflows, according to Bank of America Corp., during a week marked by President Donald Trump’s threat to impose tariffs on some European countries over Greenland.

At the same time, European stock funds enjoyed their strongest six-week inflow since June, while Japanese funds posted their biggest weekly additions since October in the week ended Jan. 21, the bank said in a note citing data from EPFR Global.

The data largely capture flows before Trump softened his rhetoric on Greenland during a volatile few days for investors. He later dropped his tariff threats after ...

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