Investors Are Unloading Industrial And Tech Stocks

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Michelle deBoer-Jones
Published on
Updated on

The equity markets have remained strong since the beginning of the year, but every so often, we catch a glimpse that this could soon change. Major stock indices like the S&P 500 and Dow Jones Industrial Average have been advancing steadily, but it sounds like investors may finally be starting to rotate out of tech stocks and cyclical names. Selling stocks Bank of America Merrill Lynch Strategist Jill Carey Hall and team released their latest “Equity Client Flow Trends” report on Wednesday, and they report signs of “broad-based selling.” Their firm’s clients were net sellers of U.S. equities last week…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.