Behind the record high of the US stock market, there is a hidden undercurrent. Bank of America customers are withdrawing funds at the fastest pace in 10 weeks.

According to the Securities Times APP, customers of Bank of America are withdrawing from US stocks at the fastest pace in 10 weeks. With the S&P 500 index closing at a record level at the end of June and posting its best quarter since 2023, investors are gradually reducing their risk exposure.