BofA: The Scramble to Buy Stocks Continues on Retail Fever

Data for the weekly flows of Bank of America showed that investor money continued to flow at unprecedented levels on stocks last week in light of the retail trading fever, which saw GameStop shares rise more than 2500% since the beginning of the year so far for some time.

In the past three months, inflows rose to a record high of $ 272 billion, while US companies with limited market value, which are currently at the center of the unprofessional trading fever, saw the second largest inflows ever, valued at $ 29 billion.

Bank of America analysts added that they expected a 10% correction in equity markets in the coming months.