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

Odaily reports that investors have been buying 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), US stock funds saw net inflows of $6.36 billion in the past week. Meanwhile, money market funds saw net outflows of $2.67 billion after significant inflows of $121.33 billion in the previous week. Over the past nine weeks, the US stock market has recorded record inflows of $186 billion. Jason Draho, Head of Asset Allocation Americas at UBS Global Wealth Management, believes that since November, the market has overcome many unpredictable political and geopolitical events, and "with relatively few identifiable risk events before the inauguration of President-elect Trump on January 20, and no clear definition of potential surprises, the rebound can easily continue into the first quarter."