Data from Bank of America shows that last week, the US stock market recorded its sixth largest weekly inflow since 2008, marking the largest scale since mid-July. Bank of America strategist Jill Carey Hall noted that this round of inflows was primarily driven by institutional investors and hedge fund clients, with net purchases of US stocks for the second consecutive week. The funds mainly flowed into individual stocks and equity ETFs. In terms of sectors, 8 out of the 11 sectors in the S&P 500 saw net inflows, with the technology sector leading the gains, and the communication services sector receiving inflows for the first time in five weeks. The industrial sector experienced the largest outflow, facing selling pressure for the fifth consecutive week, with Hall stating that this sector is the most competitive and has the highest costs. In terms of stock preferences, clients favored large and mid-cap stocks while selling small-cap stocks. In contrast to professional institutions, retail clients have been net sellers of stocks for six consecutive weeks.
All Comments