Investors pulled $19 billion from stocks in the last week, the highest outflow all year amid surging bond yields and Fed jitters

• Investors pulled $19 billion from the stock market over the last week, Bank of America said. 
• It's the highest outflow all year, coming amid surging bond yields and uncertainty around interest rates. 
• BofA warned that higher for longer rates threaten to pop the market bubble in the first half of 2024. 

Investor outflows from stocks were the highest they've been all year in the last week, as markets mull the possibility that interest rates could remain elevated for longer than expected, according to Bank of America.

Stocks saw $18.96 billion of outflows over the past week, Bank of America data shows, the largest weekly outflow recorded since December 2022.