Investing
BofA/Merrill Lynch Highlights Weekly Stock Market Inflows
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Bank of America Corporation (NYSE: BAC) is out with a report via the Merrill Lynch research team showing more data on the endless inflows of capital rotating back into the stock market. The firm said that clients have become more positive on global and cyclical sectors.
Today’s report said, “Last week (2/11-2/15), during which the S&P 500 climbed 0.1% higher, BofAML clients were net buyers of $401 million of U.S. stocks. This was the second week of net buying after some profit-taking in late January, with inflows from both hedge funds and private clients while institutional clients were net sellers.”
There are few observations:
Keep in mind that BofA is not saying to keep buying stocks endlessly and this inflow report is a net figure using this firm’s client observations only. This is merely one piece of a giant puzzle. The sell-off on Wednesday showed just how much investors are looking for an excuse to take profits when and where they can. The scenario that remains up for grabs is whether or not investors will look for bargain hunting opportunities on pullbacks.
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