📈 Bank of America: Institutional Investors Buy American Stocks as They Decline 🚨📢
Bank of America reported that institutional clients were net buyers of American stocks last week, led by ETF inflows of $4.3 billion - the largest since December 2022 - even as they sold $2.6 billion of individual stocks.
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960.51
+0.12%
Institutions were the only net buyers, while hedge funds and individual investors sold. Sector flows showed a defensive trend, with outflows from the technology and communications sectors and inflows into the commodities and healthcare sectors.
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Bank of America noted that institutions have replaced retail investors as the largest buyers with prices declining this year, as corporate buybacks remain below usual seasonal levels. ✴️
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