Over the past nine weeks, the U.S. stock market has recorded a record inflow of $186 billion

Benefiting from the possibility of the Federal Reserve cutting interest rates at its upcoming meeting, investors have bought into stock funds for the sixth consecutive week.

According to data provided by the London Stock Exchange (LSEG), net inflows into US stock funds reached $6.36 billion in the past week. Meanwhile, after a substantial purchase of $121.33 billion in money market funds in the previous week, there was a net outflow of $2.67 billion. Over the past nine weeks, US stocks have recorded record inflows worth $186 billion.

Jason Draho, head of asset allocation for UBS Global Wealth Management Americas, believes that since November, markets have shrugged off many unpredictable political and geopolitical events. "There are relatively fewer identifiable risk events before President-elect Trump's inauguration on January 20th and unexpected events cannot be defined either; therefore it is easy for rebounds to continue into Q1."