Buy the dip? Bank of America: Clients' inflows into U.S. stocks last week saw the largest weekly increase since 2017

Bank of America clients injected $10 billion into the U.S. stock market last week, marking the largest single-week increase since 2017, despite it being the worst-performing week for the U.S. stock market. Institutional clients have been net buyers for three consecutive weeks, while retail clients have also been net buyers for two weeks in a row, whereas hedge funds have been net sellers for two consecutive weeks. Client purchasing activity was most active in the information technology and communication services sectors, while there was an outflow of funds in healthcare and consumer discretionary