BOA: Private Investors Are Buying Stocks For First Time Since 2008

For the past nine years, private investors have avoided stocks. According to Bank of America’s weekly client asset flow trends report, in every year since 2008, private clients have sold equities on a net basis. The only year to buck this trend was in 2015 when clients acquired a net $1.8 billion in stocks including ETF flows. Excluding ETFs, outflows came in at $30 billion. [timeless] It now looks as if this trend has gone into reverse. For the first time since the financial crisis, private investors are now buying equities in size, according to BoA’s figures. The latest issue…