BoA: Hedge Funds Buyer, Private Clients Sell
Hedge funds' Palov response
According to Bank of America, hedgies and instutional flows led the buying while private clients were net sellers.
2nd week of equity inflows: Last week, during which the S&P 500 rallied 3.9%, BofA Securities clients were net buyers of US equities (+$2.7B) for a second week in a row.
Clients bought both single stocks and equity ETFs, with larger inflows …