Sam Ro: Wells Fargo estimates $20 billion equity inflows from Trump Accounts in July

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Wells Fargo sees $20 billion equity inflows

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Anastasiia Chabaniuk

23.06.2026

Sam Ro: Wells Fargo estimates $20 billion equity inflows from Trump Accounts in July — Wells Fargo sees $20 billion equity inflows

Sam Ro reports that Wells Fargo's Kwon estimates $20 billion of equity inflows from Trump Accounts beginning in July. These flows are expected to be price-insensitive and mainly concentrated in large-cap stocks, particularly in the technology sector, and are anticipated to occur mostly in the third quarter.

While significant, the projected $20 billion in inflows is not seen as a structural driver for stocks according to Wells Fargo’s Kwon.

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Sam Ro previously reported on Barry Diller’s People Inc. preparing an offer to buy MGM Resorts for over $18 billion, valuing the casino operator above recent market deals here. He also covered a company IPO that raised $75 billion, which resulted in a 19% stock jump but remained small compared to the Wilshire 5000’s $74 trillion market cap here. These events add context to recent large capital movements in U.S. equities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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