Bank of America’s equity clients continue to sell equities, and the pace of sales is increasing according to the bank’s weekly Equity Client Flow Trends note.
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According to the note, last week Bank of America clients were net sellers of US equities for the fourth consecutive week, selling a total of $1.4 billion in equities, the largest since this selling streak began. Every single group of investors monitored exited positions. Hedge funds, institutional clients and private clients all sold stocks and hedge funds have the longest selling streak at...
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