BofA Says its Clients Bought a Record Amount of Stocks Last Week
Last week began with a very bad day for equity markets, but some (brave) investors decided all that turmoil was a good chance to buy.
According to Bank of America Merrill Lynch flow data, its clients were net buyers of $5.6 billion in U.S. equities last week, a record dating back to when the survey began in 2008. This comes after five straight weeks of selling, or more outflows than inflows.
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