Investors exit stocks at fastest rate since March, ‘tech fatigue’ sets in: BOFA

Investors pulled $16.2 billion from stocks in the past week, and added $11.3 billion into bonds and $53.5 billion into cash.

BoFA said 9 of 10 clients believed the current market recover was a “bear market rally” and 7 out of 10 said they would only buy the assets that the U.S. Federal Reserve purchases through it various stimulus schemes.

https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163