The client flow data is in for the first full week of October, and a pair of Wall Street firms is looking to recent data to determine market trends.

According to a new report by Credit Suisse analyst Lori Calvasina, healthcare outflows in September reached five-year lows, while funds continued to pile into the energy sector.

In a more recent report, Bank of America analyst Jill Carey reported client appetite for energy stocks has also spilled over into the early October data.

Selling Dominates

While the S&P 500 recorded a 3.3 percent weekly gain last week, its biggest in 10 months, Bank of America’s numbers show that its clients produced net outflows of $1.7 billion for the week. The biggest sellers were institutional investors, who generated net outflows for the sixth consecutive week.

Conversely, Carey added that selling by private clients resulted in the first weekly net outflow in eight weeks.

Sector Analysis

Carey reported…

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