BOA: Investors Are Dumping StocksRupert Hargreaves
US investors sold stocks for the second consecutive week last week after having been net buyers for the prior 14 weeks since the election, that’s according to Bank of America Merrill Lynch’s weekly client flow trends report. The report, which was released yesterday, notes that the trend of selling stocks, which began two weeks ago has continued throughout the end of February with all of the bank’s clients selling equity holdings.
Net single stock sales totaled $988 million for the week eclipsing small purchases of ETFs. exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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