From Financial Modeling Prep: 2024-10-16 03:01:19

A recent report from Bank of America (BofA) shows $24 billion in weekly outflows from large-cap stocks, raising concerns about investor sentiment. Investors are reallocating portfolios due to rising interest rates and inflation fears, favoring sectors like utilities and consumer staples for stability. This trend could lead to price declines in large-cap stocks, prompting a shift in investment strategies towards more resilient assets.



Read more at Financial Modeling Prep:: Large-Cap Stock Sales Drive Weekly Outflows of $24 Billion: BofA Report