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Investors have poured nearly $140 billion into U.S. stock funds since the U.S. election last month
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2024-12-06 14:32 2,049
Golden Finance reported that data from data provider EPFR showed that since Trump’s victory on November 5, U.S. stock funds have had a cumulative inflow of US$139.5 billion. The buying spree made November the busiest month for inflows since 2000. The influx of new money helped push major U.S. stock indexes to record highs as traders shrugged off concerns that policy proposals such as widespread tariff increases could push up inflation and threaten the Federal Reserve's plans for further interest rate cuts. “Trump’s growth agenda is being embraced across the board,” said Dec Mullarkey, managing director at SLC Management, adding that Trump’s choices for top government jobs “ Very market-friendly."
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