Trump accounts could send nearly $20 billion into U.S. stocks, Wells Fargo says
Trump Accounts could add $20B to U.S. stocks as 2026 inflows ramp up See why large-cap tech may benefit first when the Treasury-backed program launches
Wells Fargo estimates that the newly launched Trump Accounts could channel almost $20 billion into U.S. equities in the second half of 2026, with most of the inflows expected in the third quarter.
Equity analyst Ohsung Kwon said the money is likely to support largecap stocks, including technology shares, because the Treasury Department has offered broadmarket ETF options for the accounts. He added that the flow would not be a longterm structural driver for the market.
The program, also known as 530A accounts, went live over the holiday weekend. It includes a $1,000 Treasury contribution for babies born from 2025 through 2028, and has drawn funding commitments from donors such as members of the Dell family, Ray Dalio and Brad Gerstner.