Institutional Clients Buy Stocks For First Time In 9 Weeks: BAML

Last week, institutional clients turned net buyers of U.S. stocks for the first time in nine weeks, though private clients sold the rally for the fourth consecutive week, reports BofAML. After tracking BofAML equity client flow trends, Jill Carey Hall and Savita Subramanian of Bank of America Merrill Lynch published their Nov, 4 research report highlighting that small caps continued to witness negative flow trends. Record inflows into Consumer Staples stocks Hall and Subramanian point out that last week (10/26 to 10/30), BofAML clients were net buyers of U.S. stocks for the first time in four weeks. Though hedge funds and institutional…