BoFA customers rush to buy US stocks - overbought for the first time in 1 month
2024/8/13 23:57 JST (some excerpts)
It overbought US stocks by 5.8 billion dollars, making it the 10th largest since 2008
Technology has flowed in for the first time in 4 weeks, and communication services and finance have also been overbought
Bank of America (BoFA) customers bought last week due to a sharp drop in US stocks and the subsequent recovery phase, so they overbought for the first time in about a month.
The BoFA quants strategist led by Jill Carey Hall pointed out in a report on the 13th that while hedge funds and individual investors sold stocks, institutional investors led US stock purchases of 5.8 billion dollars after deducting them. The inflow of funds was the 10th largest in BoFA data dating back to 2008, and it was the first net inflow in 5 weeks.
It overbought US stocks by 5.8 billion dollars, making it the 10th largest since 2008
Technology has flowed in for the first time in 4 weeks, and communication services and finance have also been overbought
Bank of America (BoFA) customers bought last week due to a sharp drop in US stocks and the subsequent recovery phase, so they overbought for the first time in about a month.
The BoFA quants strategist led by Jill Carey Hall pointed out in a report on the 13th that while hedge funds and individual investors sold stocks, institutional investors led US stock purchases of 5.8 billion dollars after deducting them. The inflow of funds was the 10th largest in BoFA data dating back to 2008, and it was the first net inflow in 5 weeks.
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