标普500指数在上周末收于5634.61点，距离历史最高点仅差0.9%。分析认为，在标普500指数今年上涨18%的背景下，对推动该指数上涨的风险偏好情绪还能持续多久的不确定性增加。The report shows that this outflow of funds has affected 7 out of 11 industry groups, with the most noticeable being the technology sector, which is seeing an outflow of funds for the first time in three weeks.
The US stock market is still close to its historical highs. Bank of America Corp. reported on Wednesday that its clients withdrew capital from the US stock market for the first time in three weeks.
According to media reports, Bank of America's quantitative strategy team, including Jill Carey Hall, wrote in a report to clients on Tuesday that all major client groups (excluding corporations) withdrew a total of $4.6 billion from the US stock market last week.
The S&P 500 index closed at 5634.61 points last weekend, only 0.9% below its all-time high. Analysts believe that the uncertainty of how long the risk appetite that has driven the 18% rise in the index this year can continue to push it higher.
This also marks a shift from the pattern of clients continuously buying in the past two weeks. In the previous week, Bank of America's clients invested $2.7 billion in US stocks, while the S&P 500 index recorded its best weekly performance this year.
The report shows that this outflow of funds has affected seven out of the eleven industry groups, with the technology sector being the most affected. This is the first outflow of funds from the technology sector in three weeks. The energy sector has seen outflows for the fifth consecutive week, while the consumer discretionary industry has seen outflows for the first time in six weeks. Communications services stocks, on the other hand, continue to be winners, with a continuous inflow of funds for 21 weeks.
While individual stocks experienced outflows, Bank of America's clients purchased ETFs of various sizes, styles, and industries for the third consecutive week, except for mid-cap ETFs. Unlike individual stocks, technology ETFs attracted the largest inflow of funds, while energy ETFs experienced the largest outflow of funds.
Meanwhile, Bank of America's corporate clients slowed down their pace of stock buybacks last week, with buyback volumes falling below seasonal levels for the first time in 24 weeks. However, based on the company's historical data, stock buybacks are still expected to reach record levels year-to-date.