INVESTORS PULL $18.5 BILLION FROM US STOCKS IN TWO WEEKS Bank of America clients sold a net $3.5 billion in US equities last week, followin…
INVESTORS PULL $18.5 BILLION FROM US STOCKS IN TWO WEEKS
Bank of America clients sold a net $3.5 billion in US equities last week, following $15 billion in outflows the previous week.
According to BofA analysts Jill Carey Hall and Trey Brown, retail investors led the selling.
Communication services recorded its largest weekly outflow since tracking began in 2018, affecting a sector that includes Meta ($META). Industrials also faced heavy selling, marking their 13th consecutive week of outflows.