Bank of America customers take a defensive stance on U.S. stocks for the first time in six weeks
2025-06-17 14:58:23
Bank of America's clients took a defensive stance on US stocks for the first time in six weeks, buying defensive and selling cyclical sectors last week, the team of strategists led by Jill Carey Hall wrote in a research note. Clients are generally buyers, with net inflows of $800 million. Technology, energy, healthcare and consumer staples all saw inflows. Consumer discretionary stocks had the largest outflows, followed by industrials and utilities.
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