Investors Pile Into Industrials Following Largest Outflows Ever

Last week I covered Bank of America’s weekly client flow trends report for the week ending 17 November, where the main takeaway was that private investors have started buying stocks again. [timeless] “For the first time since the financial crisis, private investors are now buying equities in size, according to BoA’s figures. The latest issue of the bank’s equity flow trends report shows a net inflow of nearly $9 billion year-to-date, compared to last year’s net outflow of $14 billion. As the chart below shows, this recovery has been enough to stem the bleeding, for the time being at least.” Investors…