Exodus from Bond Funds Is Mitigating the Stock Market’s Swoon

The bad news in the bond market has been a rare boon for stocks.

Investors pulled nearly $160 billion from money-market funds and $17.5 billion from bond mutual funds and exchange-traded funds in the first seven weeks of the year, according to Refinitiv Lipper. The exodus is already on pace to be the biggest in at least seven years.

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