On March 26th, Jill Carey Hall, a quantitative strategist at Bank of America, wrote in a research report that according to data dating back to as early as 2008, the bank’s clients sold a record high amount of US technology stocks last week. We expect technology stocks to continue losing their leading position, “the strategist wrote. As technology stocks faced selling, the US stock market recorded its largest net selling volume since August last year, with a net selling volume of $5.8 billion during the same period.
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