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6.6K Spoos By Inauguration (MAGA Flows)
They were buying US stocks on MAGA day.
"Wednesday saw the biggest daily inflow in five months," BofA's Michael Hartnett said, editorializing around an enormous inflow into US-focused equity ETFs and mutual funds.
As the figure below shows, US stocks enjoyed a near $33 billion haul over the latest weekly reporting period, the fourth-largest of 2024.
It was the fifth consecutive week of inflows, and the seventh in eight.
For 2024 as a whole, US-focused products and funds have seen a cumulat
