BoA: Buybacks Dominate The Market As All Other Client Groups Sell

According to flows data from Bank of America Merrill Lynch, corporates have been the largest buyers of single stocks year to date. According to the bank’s Equity Client Flow trends report, published on March 19th, in the previous week Bank of America clients were net buyers of US equities for the second consecutive week. Q4 hedge fund letters, conference, scoops etc However, private and institutional clients were net sellers of US equities for the 8th straight week hedge funds also turned net sellers for the first time in five weeks. As all of the other client groups sold, buying was…