金色财经 reported that with increasing economic uncertainty, U.S. bank clients sold off stocks again this week. This phenomenon not only persisted for a second week but also reached its highest level since November 2020. The report emphasized that this is the second-largest net sales scale recorded since 2008, showing investors' cautious attitude towards market prospects. Quantitative strategist Jill Carey Hall and her team mentioned in their report released on Wednesday that from August 30, institutions, hedge funds, and retail clients all chose to reduce their holdings of stocks, totaling $8 billion. Notably, this was the first time since June that there has been a capital outflow from exchange-traded funds (ETFs). On an industry level, technology stocks were the main area of capital outflows, recording the largest outflow since May; energy stocks continued their downward trend over the past six weeks; industrial stocks had capital outflows in seven out of the last eight weeks. Communication services were the only sector that recorded capital inflows during this period, and it is the longest streak of continuous capital inflows for any S&P 500 index sector in 22 weeks.