• Bank of America clients were net sellers of stocks for the fourth straight week.
  • But while big-money investors ran for the door, retail clients were the most bullish in four months.
  • Here are the only three sectors that saw net ETF inflows despite the bearish sentiment.

Wall Street hedge funds and institutional investors are getting anxious as stocks grind higher, and small-time retail investors are gladly buying the dip.

Money flowed out of stocks last week for the fourth straight week, and by a net $2 billion, according to Bank of America data released on July 19. Bank of America clients instead sought safety and flocked to fixed income via bonds, and they weren’t alone – US Treasury 10-Year Note yields sank to 1.3%.

Net sales of US stocks among Bank of America clients last week hit their highest level in five weeks, but strategists led by Jill Carey Hall noted a clear dichotomy between increasingly nervous big-money clients and retail investors emboldened to buy the dip.

Verder lezen?

Word abonnee van Business Insider

    • Toegang tot Nederlandstalige Premiumartikelen en rekentools
    • Een website zonder reclamebanners
    • Loopt na een maand automatisch af
    • Nederlandse en Engelse premiumartikelen
    • Toegang tot onze rekentools
    • Een website zonder reclamebanners
    • Flexibel: elk moment opzegbaar
    Voordelige keuze
    • Nederlandse en Engelse premiumartikelen
    • Toegang tot onze rekentools
    • Een website zonder reclamebanners
    • Flexibel: elk moment opzegbaar