US stocks saw biggest inflow since June on day of Trump's election win: Bank of America [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
The bank's strategists, led by Michael Hartnett, reported that it was the biggest daily stock inflow since June, and the $2.9 billion that flooded into financials was the highest on record. The note said the biggest picture is that "Trump won big, as US voters cared more about inflation , inequality…immigration than low unemployment," and the Republicans' "big sweep" equates to "big policies," with the potential for $8 trillion in tax cuts, $3 trillion in tariff revenues and $1 trillion in spending cuts. After Trump Victory, Steve Madden Announces Plans To Move Production Out Of China Trump's victory over Vice President Kamala Harris was decisive, with the president-elect winning both the Electoral College and the popular vote. The GOP also won control of the Senate and is within striking distance of maintaining a majority in the House, but control of the lower chamber was still up in the air Friday as key races remained too close to call. The Dow Jones Industrial Average, S&
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