BofA's clients are buying the dip in stocks

Specifically, clients last week turned net buyers for the first time in five weeks, with inflows totaling $5.8 billion. BofA strategists said this marks the tenth biggest inflow since 2008.

Institutional clients were net buyers for the first time in five weeks, while hedge funds and private clients were net sellers. Communication Services continues to enjoy the longest buying streak, now at 19 weeks, while Technology saw inflows for the first time in four weeks.

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