Fed Survey Shows Tighter Credit, Weaker Business Loan Demand

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BofA sees the 'first sign of a stock pickers market since 2008'

May 9, 2023 9:33 AM EDT

BofA analyst Jill Carey Hall said in a note Tuesday that she sees the "first sign of a stock pickers market since 2008."

The analyst, writing about recent BofA equity client flow trends, revealed that last week, during which the S&P 500 was -0.8%, clients were net buyers of US... More