BAML Equity Clients Buy Stocks For The First Time Since March

BAML clients became net buyers of U.S. stocks for the first time in seven weeks. The net purchases were attributable to hedge funds and institutional clients, while private clients were net sellers. In its today’s report titled “BAML Equity Client Flow Trends” it says last week was the first time institutional clients bought stocks since March, while hedge funds have been consistent net buyers for four consecutive weeks. However private clients have been net sellers having sold stocks in six of the last seven weeks. The report published by BAML provides an aggregated view of its clients’ trading flows into…