Third largest since 2008! US stocks saw single-week outflows of $11 billions, technology stocks hit hardest
Last week, institutional investors significantly sold off individual stocks, resulting in a net outflow of $11.0 billion from the U.S. stock market. Funds were mainly withdrawn from the technology sector, marking the third largest single-week outflow from individual stocks in the history of Bank of America's statistics.
Zhitong Finance APP has learned that last week, institutional investors sold off individual stocks extensively, with a total net outflow of $11 billion from U.S. equities. The funds withdrew mainly from the technology sector, marking the third-largest single-week outflow of individual stocks in Bank of America's statistical history.
Bank of America strategist Jill Carey Hall wrote in a recent report that the main selling pressure came from the technology sector, which recorded its fourth-largest weekly outflow since 2008. At the same time, the four-week rolling average of capital flows into tech stocks turned negative for the first time since July.
Out of 11 sectors, nine experienced capital outflows. The communication services and industrial sectors also saw substantial selling—the latter registering a net capital outflow for the tenth consecutive week—while the materials and real estate sectors were the only two to achieve net capital inflows.
This round of capital flight from individual stocks was caused by institutions reducing their positions for a second consecutive week. Hedge funds and retail investors, on the contrary, became net buyers, marking the first time since the end of July that retail funds have flowed back into the stock market.
Bank of America noted that despite heavy sell-offs of individual stocks, there remains strong demand for overall market exposure. Clients injected funds into stock ETFs for the fifteenth consecutive week, totaling $3.2 billion. The capital favored value and blended funds over growth funds, while rotating out of the technology sector into healthcare ETFs.
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.
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BUZZ-Comment—October May Be the Month for Euro to Break Out of Its Range
Reuters, October 8 – The EUR/USD monthly chart is currently forming two bearish signals, which may both be confirmed by the October closing price: first, a break below the lower bound of a range that has been maintained for more than a year; second, a close below the 100-month moving average. After rising from 1.0125 to 1.1830 between February 2025 and July 2025, EUR/USD consolidated sideways within a range of 1.1325 to 1.2084. Based on closing prices, the 200-month moving average (currently at 1.1825) constituted most of the upper resistance for this range, while the 100-month moving average (currently at 1.1194) provided support. Dragged down by fiscal concerns, the pair dropped from slightly above 1.1700 in August to a low of 1.1161 in October, with the euro hovering near a 17-month low. Key drivers include mounting fiscal and political risks in the Eurozone, rising global bond yields, and a resilient dollar supported by high energy prices and hawkish Federal Reserve expectations. Confirmation signals: The month has only just begun, and the trend remains uncertain; the spot price is currently almost exactly at the 100-month moving average (100-MMA). If the monthly closing price falls below 1.1325, it would confirm a range break; a close below 1.1194 would confirm the second signal. If both occur, deeper support levels could be tested before year-end. Key levels: Fibonacci retracements for the rally from 1.0125 to 1.2084 show the 38.2% retracement at 1.1336. This coincides with the range bottom, reinforcing its resistance role in any rebound. The 50% retracement is at 1.1105 and serves as the first target on the downside. The upper edge of the Ichimoku cloud on the monthly chart is at 1.0938, between the 50% and 61.8% retracement levels. The 61.8% retracement is at 1.0873, representing a deeper downside target. Momentum indicators: The monthly RSI is trending downward, and the 14-month momentum indicator is negative, both supporting a bearish outlook. Invalidation condition: If the exchange rate rebounds and the monthly close returns above 1.1325, the above signals will be invalidated and the pair will revert to range trading. For more, refer to FXBUZ EUR/USD Monthly Chart: https://fingfx.thomsonreuters.com/gfx/buzz/zdvxeqlxzpx/Pasted%20image%201791448056243.png (For the convenience of non-native English readers, Reuters provides automated translations of its reports into several other languages. As automated translations may be inaccurate or lack the required context, Reuters does not guarantee their accuracy and provides them solely for readers’ convenience. Reuters accepts no responsibility for any harm or loss arising from use of the automated translation function.)
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