Big Institutions Have Been Rotating Out Of Stocks All Year
July 16, 2013
Every week, the BofA Merrill Lynch equity strategy team breaks out data on how many stocks clients are buying and selling.
According to the latest data out this morning, BAML private clients (retail investors) were the only group buying stocks last week as the S&P 500 advanced, while hedge funds and big institutions were selling.
The chart below shows that while private clients have done quite a bit of buying in 2013, the big institutional players have really been doing nothing but rotating out of stocks.