Behind the new highs of the US stock market, undercurrents are surging as Bank of America clients withdraw at the fastest pace in 10 weeks

Customers of Bank of America are withdrawing from U.S. stocks at the fastest pace in 10 weeks, with a total withdrawal of $1.3 billion. Despite the S&P 500 Index reaching a record high at the end of June, investors are gradually reducing their risk exposure, particularly with capital outflows in the industrial and real estate sectors. Technology stocks have seen inflows for three consecutive weeks, with clients increasing their holdings in financial stocks and consumer discretionary stocks. The market's risk-averse sentiment is rising, reflecting concerns about the sustainability of the rebound