{"id":"1792715529354-money-segment","slug":"record-1-3-trillion-equity-inflows","title":"Record $1.3 Trillion Equity Inflows","summary":"Investors are adding money to equity funds at a record pace. Global equity funds are on track for about $1.3 trillion of inflows in 2026, which would top the roughly $960 billion full-year record set in 2021. US-listed ETFs have already taken in $1.93 trillion through the first three quarters, with Q3 2026 alone drawing a record $771 billion. Kobeissi Letter data shows US equity ETFs pulled in about $880 billion year-to-date through mid-2026 and are on pace to exceed $1.4 trillion for the year; Reuters separately reported continued weekly US equity fund inflows into early October as AI optimism offset concerns over rising Treasury yields.\n\nThe flows are being driven by sustained enthusiasm for artificial intelligence, which pushed the Nasdaq to record highs, along with cooler US inflation data that eased pressure from rising bond yields. Analysts also note that a meaningful share of ETF inflows is mechanical: regular 401(k) contributions, robo-advisor rebalancing and model portfolio buying happen on autopilot regardless of market conditions.\n\nGlobal equity funds are on track for roughly $1.3 trillion of inflows this year, which would be the largest on record, topping the roughly $960 billion record set in 2021. US-listed ETFs alone pulled in $1.93 trillion through the first three quarters, with US equity ETFs on pace for a record year, according to BofA, EPFR and Kobeissi Letter data.\n\nGoldman Sachs reportedly says Petrobras needs a roughly 50% diesel price hike right after Brazil's election to avoid a diesel supply shortfall. The claim is consistent with Goldman's reported view that Brazil's diesel cliff has an expiry date.","publishedAt":"2026-10-23T00:32:09.354Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Tonight","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Global equity funds are on track for roughly $1.3 trillion of inflows this year, which would be the largest on record, topping the roughly $960 billion record set in 2021. US-listed ETFs alone pulled in $1.93 trillion through the first three quarters, with US equity ETFs on pace for a record year, according to BofA, EPFR and Kobeissi Letter data.\nSource: BofA/EPFR via The Pareto Investor, Kobeissi Letter, Reuters (https://x.com/KobeissiLetter/status/2113427403615666532)\n\nTRUE: Goldman Sachs reportedly says Petrobras needs a roughly 50% diesel price hike right after Brazil's election to avoid a diesel supply shortfall. The claim is consistent with Goldman's reported view that Brazil's diesel cliff has an expiry date.\nSource: Zero Hedge / Goldman Sachs POST 2113427978827034649: NOCLAIM POST 2113427973223419905: NOCLAIM POST 2113427970740338861: NOCLAIM POST 2113427967066218886: NOCLA (https://x.com/zerohedge/status/2113427714308702681)","claims":[{"verdict":"TRUE","summary":"Global equity funds are on track for roughly $1.3 trillion of inflows this year, which would be the largest on record, topping the roughly $960 billion record set in 2021. US-listed ETFs alone pulled in $1.93 trillion through the first three quarters, with US equity ETFs on pace for a record year, according to BofA, EPFR and Kobeissi Letter data.","sourceName":"BofA/EPFR via The Pareto Investor, Kobeissi Letter, Reuters","sourceUrl":"https://x.com/KobeissiLetter/status/2113427403615666532","claim":"BREAKING: Global equity funds are now on track to attract +$1.3 trillion of inflows in 2026, the largest annual intake on record. This would exceed the previous annual record set in 2021 by ~35%. At the same time, US equity funds are on pace to post record inflows of +$636 https:","author":"The Kobeissi Letter (@KobeissiLetter)"},{"verdict":"TRUE","summary":"Goldman Sachs reportedly says Petrobras needs a roughly 50% diesel price hike right after Brazil's election to avoid a diesel supply shortfall. The claim is consistent with Goldman's reported view that Brazil's diesel cliff has an expiry date.","sourceName":"Zero Hedge / Goldman Sachs POST 2113427978827034649: NOCLAIM POST 2113427973223419905: NOCLAIM POST 2113427970740338861: NOCLAIM POST 2113427967066218886: NOCLA","sourceUrl":"https://x.com/zerohedge/status/2113427714308702681","claim":"Brazil's Diesel Cliff Has An Expiry Date: Goldman Says Petrobras Needs A ~50% Hike... Right After The Election https://t.co/KOmTv9UMWR","author":"@zerohedge"}]},"sources":[{"url":"https://x.com/KobeissiLetter/status/2113427403615666532","name":"BofA/EPFR via The Pareto Investor, Kobeissi Letter, Reuters","kind":"x","verdict":"TRUE","author":"The Kobeissi Letter (@KobeissiLetter)"},{"url":"https://x.com/zerohedge/status/2113427714308702681","name":"Zero Hedge / Goldman Sachs POST 2113427978827034649: NOCLAIM POST 2113427973223419905: NOCLAIM POST 2113427970740338861: NOCLAIM POST 2113427967066218886: NOCLA","kind":"x","verdict":"TRUE","author":"@zerohedge"}],"url":"https://oncast.fm/story/1792715529354-money-segment-record-1-3-trillion-equity-inflows","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1792715529354-money-segment-record-1-3-trillion-equity-inflows","cite":"Cite https://oncast.fm/story/1792715529354-money-segment-record-1-3-trillion-equity-inflows and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Bill","text":"A trillion three. That's how much money is pouring into global equity funds this year."},{"host":"Adam","text":"A trillion three. And that's a record?"},{"host":"Bill","text":"By a mile. Kobeissi Letter ran the numbers, and it's about thirty-five percent above the old record from twenty twenty-one."},{"host":"Adam","text":"So the year everyone said the market would finally crack... is the year everyone piled in."},{"host":"Bill","text":"US equity funds alone are on pace for over six hundred thirty billion. And that's just part of it."},{"host":"Adam","text":"Here's what I want to know: is this conviction, or is it autopilot?"},{"host":"Bill","text":"You always ask that. Someone's excited about something, you show up with a spreadsheet."},{"host":"Adam","text":"Because it matters! A huge chunk of this is 401(k) contributions. Robo-advisors. Model portfolios that rebalance on a schedule."},{"host":"Bill","text":"So every two weeks, money goes in whether the market's up, down, or sideways. That's not a bet on AI. That's a Tuesday."},{"host":"Adam","text":"Exactly. And the records don't tell you which one it is. They just show the number."},{"host":"Bill","text":"But look, the Nasdaq hit record highs this year on AI enthusiasm. Someone's making a bet."},{"host":"Adam","text":"Sure, but when you see 'record inflow' and think everyone's euphoric, you're missing the mechanical part. The boring part is half the story."},{"host":"Bill","text":"Half? Cameron Brandt at EPFR says tech funds pulled in a hundred forty-two billion this year. Triple what they got in twenty twenty-four. That's not a 401(k)."},{"host":"Adam","text":"No, that's the AI story scaling the wall of worry. Fine. But the wall is still there. There's a reason flows are records while rates are still high."},{"host":"Bill","text":"Cooler inflation helped. That's the thing — you can have both. Money can be chasing AI AND flowing in automatically."},{"host":"Adam","text":"Which means the record is real, but what it MEANS is murkier. I'm not saying it's fake."},{"host":"Bill","text":"You know what? Fair. But I'll take the boring money every time. It's stickier. It doesn't panic-sell on a bad week."},{"host":"Adam","text":"There it is. You always find the bullish angle."},{"host":"Bill","text":"Look, a record is a record. Money went somewhere. Now whether it stays — that's the next story."},{"host":"Adam","text":"Speaking of money going somewhere... Brazil's diesel market is about to get a shock."},{"host":"Bill","text":"Goldman Sachs says Petrobras needs to hike diesel prices by about fifty percent. Right after the election."},{"host":"Adam","text":"Fifty percent. Not ten, not twenty. Fifty. They're calling it a diesel cliff with an expiry date."},{"host":"Bill","text":"So they wait until after the election to tell everyone their fuel prices need to jump by half? Color me shocked."},{"host":"Adam","text":"The timing is... noticeable. Let's say that."},{"host":"Bill","text":"It's classic. Nobody wants to own a fifty percent fuel hike before people vote. But the supply gap is real."},{"host":"Adam","text":"Brazil's been selling diesel below international prices for a while. That works until it doesn't."},{"host":"Bill","text":"And if they don't hike, the shortage hits. Then you've got trucks sitting idle and prices going up anyway."},{"host":"Adam","text":"So the cliff has an expiry date, but the pain hits either way. That's the actual choice."},{"host":"Bill","text":"I'll be watching how fast they move after the votes are counted. If it takes a week to announce, we know."},{"host":"Adam","text":"Meanwhile, on the political side: AOC says she wants Congress to investigate top Trump administration officials if Democrats win the midterms."},{"host":"Bill","text":"That's not a threat. That's a campaign promise."},{"host":"Adam","text":"The exact wording is floating around on Polymarket. I can't confirm the precise quote yet, but the direction is clear."},{"host":"Bill","text":"Investigate what? We heard this in twenty eighteen, twenty twenty. It's a pattern."},{"host":"Adam","text":"She's been saying this for weeks. If Democrats take the House, look for a wave of subpoenas."},{"host":"Bill","text":"Here's my thing: investigations are fine. They're supposed to be. But calling for them before you've won... that's not governance. That's theater."},{"host":"Adam","text":"Or it's just being honest about what you'll do with power. Some voters like that."},{"host":"Bill","text":"Some do. But here's the problem: every administration gets investigated now. It's not about wrongdoing anymore. It's about the calendar."},{"host":"Adam","text":"You're saying investigations are just political now, full stop?"},{"host":"Bill","text":"I'm saying the timing is the tell. Nobody calls for investigations when their side is up."},{"host":"Adam","text":"That's... not entirely wrong. But 'they all do it' doesn't answer whether the underlying conduct is real."},{"host":"Bill","text":"Fair enough. Let's see what actually gets subpoenaed, if she gets the gavel."},{"host":"Adam","text":"That's the fight to watch. The press release is just the trailer."}]}