U.S. stocks see record inflows worth $186 billion over the past nine weeks

Investors bought stock funds for the sixth consecutive week, benefiting from the possibility of the Federal Reserve cutting interest rates at its upcoming meeting. According to data provided by the London Stock Exchange (LSEG), net inflows into U.S. stock funds reached $6.36 billion in the past week. At the same time, money market funds had a net outflow of $2.67 billion after a sharp purchase of $121.33 billion in the previous week. In the past nine weeks, the U.S. stock market has recorded a record inflow of $186 billion. Jason Draho, head of asset allocation in the Americas at UBS Global Wealth Management, believes that since November, the market has escaped many unpredictable political and geopolitical events. "Before President-elect Trump took office on January 20, there were relatively few identifiable risk events and unexpected events could not be defined, so the rebound could easily continue into the first quarter." (Jinshi)