Bank of America clients sold a net $18.5 billion of US stocks across two weeks, according to an October 28 BlockBeats report citing the bank’s analysts. The latest reported week accounted for $3.5 billion, following $15 billion the preceding week.
Retail clients lead selling
Analysts Jill Carey Hall and Trey Brown said retail investors led the sales. Communication services recorded its largest weekly outflow since the bank began tracking the sector’s flows in 2018.
Sources: BlockBeats English report and the original Chinese flash, published October 28, 2026, at 14:33 UTC.