Bank of America (BofA) Securities clients were net buyers of US equities last week, purchasing $2.4 billion worth of stocks. This occurred during a week when the S&P 500 fell by 4.2%, marking its worst week since March 2023. Corporate client buybacks also accelerated to their highest level since late June. Year-to-date, buybacks as a percentage of the S&P 500 market cap are on pace for a record year. Tech stocks saw the largest inflows since June, while Communications experienced its 23rd consecutive week of buying. Conversely, Real Estate and Industrials led the outflows. The data was reported by BofA Hall.