Bank of America: Clients net bought US stocks for the first time in six weeks, with retail investors and hedge funds leading the way
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Bank of America's corporate clients repurchased the second largest weekly repurchase volume since 2010 last week, and have exceeded seasonal levels for 13 consecutive weeks. Corporate clients net bought in 7 out of 11 sectors, with 70% of the announced S&P component stock repurchases this year concentrated in the technology and communication services sectors
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