Bank of America data shows that institutional clients have sold off US stocks for four consecutive weeks, while hedge funds and retail investors have turned into net buyers

On July 2nd, data from Bank of America showed that institutional clients sold off US stocks for four consecutive weeks, and the inflow of funds into the technology sector fell to a historical low, with individual stock outflows of $9.9 billion. Hedge funds were net buyers during this period, and retail clients became net buyers for the first time in six weeks. Corporate customer repurchase activities have slowed down for the fifth consecutive week, reaching their lowest level since February this year.