Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bank of America clients sell U.S. stocks at fastest pace in 10 weeks

Bank of America clients sell U.S. stocks at fastest pace in 10 weeks

View original
2025/07/02 05:52

According to Jinse Finance, citing Jintou Data, Bank of America clients have withdrawn from the U.S. stock market at the fastest pace in 10 weeks, reducing their risk exposure. As of the end of June, the S&P 500 Index recorded its best quarterly performance since 2023. In a report released on Tuesday, a group of exchange quantitative strategists, including Jill Carey Hall, wrote that last week, all major client groups—including institutions, retail investors, and hedge funds—collectively withdrew $1.3 billion from the U.S. stock market. Amid growing risk aversion in the market, uncertainty is mounting over whether the current rally can be sustained. This rally has helped the S&P 500 rebound from its tariff-related lows in April and is now hovering near its most overbought level since July 2024.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!