As the US House recently passed the $1.9 trillion coronavirus (COVID-19) relief, orchestrated by President Joe Biden, investment banks are up with expectations suggesting further fund inflow for the US stock market.
Read: $1.9 trillion coronavirus stimulus bill has votes to pass, Biden to sign on Friday
Deutsche Bank belongs to the group while expecting over 40% of stimulus to go straight into the stocks. Details take clues from their recent investor survey suggesting retail players are more inclined to join the fund, also add to the kitty if they’re already in, on receiving stimulus checks.
While the report should extend the current upside momentum, US Treasury yields seem to question the move amid reflation fears.
Read: Wall Street Close: Record close for the Dow as “value” stocks continue to outperform
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