For the first time in six weeks, there was a net inflow! Bank of America Securities: Institutional investors lead the way in buying US stocks, with the most funds flowing into financial stocks.

Bank of America Securities reported that client funds in US stocks turned positive last week, with a total inflow of $1.7 billion. Institutional investors led the way, marking the first net inflow in six weeks. Hedge funds were mild net buyers, while individual clients continued to buy for the fifth consecutive week. After selling stocks in most sectors the previous week, last week saw net buying in 8 out of 11 stock sectors, with the financial sector receiving the most inflows, mainly driven by large-cap stocks. The inflow of funds was the largest since February and the fourth largest single-week net inflow since the 2008 financial crisis. Other sectors with significant buying included healthcare, industrials, and energy, while utilities also saw inflows. Cyclical stocks recorded their largest single-week net inflow since January 2019. The communication services sector had the largest outflow of funds, followed by consumer goods and real estate.