U.S. Stock Market Sees Rapid Withdrawal Amid Uncertainty

According to Odaily, clients of Bank of America are withdrawing from the U.S. stock market at the fastest pace in ten weeks, reducing their risk exposure. By the end of June, the S&P 500 Index recorded its best quarterly performance since 2023. A report released on Tuesday by Bank of America's quantitative strategists, including Jill Carey Hall, indicated that last week, all major client groups, including institutions, retail investors, and hedge funds, collectively withdrew $1.3 billion from the U.S. stock market. As market sentiment turns cautious, uncertainty about the sustainability of the current rally is increasing. This rally has helped the S&P 500 recover from tariff-related lows in April and is now hovering near its highest overbought level since July 2024.