BAML: Clients Net Sellers Of Stocks During Rally

As the stock market was climbing last week, the Bank of America Merrill Lynch (BAML) trade desk was noting an oddity: their clients were, again, net sellers of stock. For the tenth consecutive week they were sellers. And not just sellers, but big sellers, particularly last week, a new report from the bank points out. Amid the frenetic pace of selling, one client segment, pension funds, were the sole supporters of the stock market.

BAML: Net sellers of stock show "still no confidence in rally," as...

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