Odaily Planet Daily reported that Bank of America's clients have withdrawn from the US stock market at the fastest pace in 10 weeks, reducing their risk exposure. As of the end of June, the S&P 500 Index has achieved its best quarterly performance since 2023. In a report released on Tuesday, quantitative strategists from Bank of America, including Jill Carey Hall, wrote that last week, all major client groups including institutions, retail investors, and hedge funds withdrew a total of $1.3 billion from the US stock market. Amidst the emergence of risk aversion in the market, there is increasing uncertainty surrounding the sustainability of this rebound. This round of rebound has helped the S&P 500 index rebound from its April low related to tariffs, currently hovering around the highest overbought level since July 2024. (Golden Ten)
