With Donald Trump’s win all wrapped up, $20 billion poured into the market on Wednesday.
That’s the biggest daily inflow in the five months since right around the time Joe Biden quit the presidential race, btw. The bulls are well and truly running free.
- US small caps also had their moment on Wednesday, with their biggest daily inflow since March, raking in $3.8 billion.
- It was a record-breaking day for financials as well, with $2.9 billion in inflows.
Small traders were out and about in the stock market – demand was highest for the S&P 500 ETF $SPY, the leveraged bull tech fund $TQQQ and the bitcoin ETF $IBIT, according to JP Morgan data. They sold gold “aggressively” and dumped financials, while jumping on rallies in Tesla and Palantir shares.
(Chart generated with Datawrapper.)
