The brief market update points to continued buying in broad U.S. stock exposure through SPY and QQQ, extending a three-week inflow streak for Bank of America clients.
Bank of America clients recorded a third consecutive week of equity inflows, with retail buying driving the move. The note references SPY and QQQ, two widely followed exchange-traded funds that track broad U.S. equity benchmarks and are often used as quick gauges of investor risk appetite.