Bank of America Forecasts Net Equity Selling in the Week Ahead

Bank of America expects systematic strategies to be net sellers of equities in the coming week across market scenarios, including a flat market, pointing to possible selling pressure in U.S. stocks. The bank’s scenario estimates put net equity selling at $48 billion in a flat market and $79 billion in a decline, with commodity trading advisers (CTAs) accounting for $50 billion of the downside-case amount. In a strong rally, the estimate is about $1 billion in outflows.

Source: TokenPost