A couple of interesting items from a Bank of America note on Tuesday regarding equity flows last week.
In brief:
- Hedge fund (largest inflow since June) and institutional clients were net buyers
- retail clients were net sellers for the first time since September
- buying largely in ETFs, single stocks saw outflows among Bank of America client
- consumer discretionary the most bought sector
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I know, it would have been more helpful if this was around last week. Be wary of attaching too much weight to the info now though.
