Record Money Flows as Individuals Abandon Single Stocks, While Corporations Buy Big Time

Don FishbackStock MarketLeave a Comment

Huge shift from single stocks to ETFs last week according to data from BAML. Private clients sold more stocks last week than any week since March 2009. Tech stocks dominated the sell list.

Most of the money shifted from individual tech stocks into blended ETFs.

Meanwhile, buybacks by corporations highlighted the buying, with the 9th largest week in the entire BAML historical database.