BofA Warns Wall Street Is Too 'Blasé.' $14 Billion Stock Exodus is 'Recipe for Volatility.'

Worldwide equity funds have attracted an average of about $7 billion per week during the same three-week period, a dramatic slowdown from the roughly $52 billion weekly average recorded in July. (Credit: Michael M. Santiago/Getty Images)

Bank of America strategists are warning that Wall Street may be entering a more volatile period as investors pull billions of dollars from U.S. stocks while financial markets and policymakers appear relatively calm about rising Treasury yields and surging commodity prices.

U.S. equity funds recorded $14.2 billion in outflows over the past three weeks, the largest withdrawal since January, according to Bank of America, which cited data from EPFR Global. The retreat comes as appetite for stocks is also cooling globally, Bloomberg detailed.