LONDON - Deep-pocketed investors pumped a record $4.2 billion into big technology stocks last week, BofA’s flow data showed on Friday, taking advantage of the slight pullback on Wall Street while retail traders were busy buying stocks such as GameStop.
“Big client zeitgeist in past two weeks has unambiguously been to buy the FAANMG underperformance,” said Michael Hartnett, BofA’s chief investment strategist. Meanwhile, a sudden jump in equity volatility last week also sent investors running for safety with bonds attracting $21.2 billion, the largest in four months. Those fears, however, receded this week with Wall Street’s main indexes hitting record highs.
Source: News Formal (newsformal.com)
Withdrawals today !!! I really appreciate all you've done for me, you are the best and I promise to spread your good work Thank you Henryjones62
Bofa