“Finally, A Week Of Buying” – After A Record 18 Weeks Of Selling, The “Smart Money” Is Back

June 7, 2016

Forget BTFD… BTFATH is back.

A relentless stream of selling by Bank of America’s “smart money” clients stretching for over 4 straight months, or 18 consecutive weeks, is finally over. As BofA’s Jill Carey Hall reports, last week, during which the S&P 500 was flat from the prior week, BofAML clients were net buyers of US stocks for the first time in 19 weeks, breaking a record-long selling streak that began in mid-January.

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