Expectations of a Fed rate cut drive net inflows of $6.36 billion to U.S. stock funds for six consecutive weeks

According to Odaily Planet Daily, investors bought stock funds for the sixth consecutive week due to the expectation of the Federal Reserve's interest rate cut. According to data from the London Stock Exchange, the net inflow of US stock funds in the past week reached US$6.36 billion.

Meanwhile, money market funds saw a net outflow of $2.67 billion after a sharp purchase of $121.33 billion the previous week. U.S. stocks have seen a record inflow of $186 billion over the past nine weeks. UBS Global Wealth Management Americas asset allocation head De La Ho said that since November, the market has shrugged off many unpredictable political and geopolitical events, and the rebound may continue into the first quarter.