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MAGAFOMOTINA
They were (still) buying US stocks over the last week.
On the heels of an enormous, $56 billion post-election inflow, US-focused equity ETFs and mutual funds took in another $16 billion, the latest EPFR update showed.
It was the seventh consecutive inflow and the ninth in 10. As the figure below shows, it's been a helluva run.
For 2024 as a whole, US equity funds have now seen $405 billion of inflows.
This is the "US exceptionalism" trade and it's also a "TINA" play. What else are you goin
The US dollar looks to gain parity with euro. What are Ur current thoughts Mr. H, about whether Argentina will adopt US dollar ? El Presidente of El Salvador looks like a genius today for being so enthusiastic about Bitcoin.