Wall Street Shift: BoA Reports Net Selling as Institutions Retreat, but Retail Investors Stand Strong

BoA reported its first net selling in 8 weeks, primarily driven by institutional sales and hedge funds. The corporate buyback activity slowed as the window for buybacks closed. Despite this, retail investors remained significant buyers, marking the third-largest inflow in BoA’s data. However, it’s important to note that there were substantial negative “untagged” flows of approximately -$5.1 billion, which couldn’t be categorized into specific investor types

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