U.S. stocks recorded their worst January since the financial crisis and retail investors saw the downturn as an opportunity to buy the dip.
Mom- and pop- investors led purchases of U.S. equities during the month, while institutional investors such as hedge funds sold off assets, according to fresh data from Bank of America.
BofA’s retail clients were the biggest dip-buyers last month, posting inflows into stocks in each of the last four weeks. January inflows are typically led by retail…
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