Every week, BofA equity strategist Savita Subramanian provides an update on what her clients are doing in the market according to BI. According to Subramanian, "private clients" (individual investors) just sold the most stock since late December, when fears over the fiscal cliff were weighing on markets.
Meanwhile, hedge funds are buying.
"Hedge funds were net buyers of all three size segments last week, while institutional and private clients were net sellers of all three," writes Subramanian.
Read more: http://www.businessinsider.com/baml-equity-client-flow-trends-12-2013-3#ixzz2NLKa1SwN