A new report from Bank of America analyst Jill Hall focuses on recent client flow trends. While the S&P 500 fell 1.2 percent last week, Bank of America witnessed a lot of buying among its clients.
Buying The Dip
After two weeks of net selling, Bank of America saw inflows of $3.6 billion last week, the largest weekly inflow since January. The surge was led by institutional clients, but hedge funds and private clients were also net buyers on the week.
What Are They Buying?
According to the report, clients were…
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