HarryHawk
Recycles dryer sheets
- Joined
- Dec 28, 2021
- Messages
- 131
I found this interesting, but not sure what, if anything it indicates. Article was discussing January 2022 market performance. Maybe just an isolated blip/coincidence, or does it indicate some inherent difference of philosophy -
The average investor has yet to be scared off. Bank of America wrote in a research note last week that its retail clients, as a group, had put more money into the stock market than they had pulled out. In the first three weeks of the year, individuals with accounts at Bank of America bought $2.3 billion more in stocks than they sold.
In the same time, though, hedge funds that use Bank of America to trade sold nearly $3 billion more in stock and bond funds than they bought. “Retail clients remained the biggest buyers (as is typically true in January),” Jill Carey Hall, a Bank of America strategist, wrote in the note. “Clients bought the dip.”
The average investor has yet to be scared off. Bank of America wrote in a research note last week that its retail clients, as a group, had put more money into the stock market than they had pulled out. In the first three weeks of the year, individuals with accounts at Bank of America bought $2.3 billion more in stocks than they sold.
In the same time, though, hedge funds that use Bank of America to trade sold nearly $3 billion more in stock and bond funds than they bought. “Retail clients remained the biggest buyers (as is typically true in January),” Jill Carey Hall, a Bank of America strategist, wrote in the note. “Clients bought the dip.”
