U.S. stocks may see $11 bln in inflows from tax refunds, Deutsche Bank forecasts

Investing.com -- U.S. stocks could receive approximately $11 billion in weekly inflows as annual tax refunds are distributed through mid-April, Deutsche Bank strategist Parag Thatte wrote in a note. The strategist noted that the period from mid-February to mid-April typically represents about one-third of annual inflows to US stocks. As such, Deutsche Bank economists anticipate an additional $50 billion to $100 billion in individual tax refunds this year, which may also boost consumer spending. Thatte ...