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Macro US Stocks

BofA Clients Sell US Stocks in Biggest Outflow Week Since June

Bank of America clients resumed selling US equities last week, with single-stock outflows driving the largest net selling week since June. Strategist Jill Carey Hall said all three main client groups were net sellers, led by retail. Clients sold large- and mid-cap stocks but bought small caps, with communication services seeing the heaviest outflows since December 2025.

Original source

AI take

The shift here is breadth: all three client groups selling at once, with retail leading, signals conviction rather than a single cohort trimming. The rotation into small caps while large and mid caps are sold suggests positioning is being reshaped rather than simply de-risked. Whether that small-cap bid persists, or proves a brief shelter, is the open question worth tracking.

Generated by AI for reference only.

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