The Globe and Mail reports in its Wednesday edition that foreign investors are buying U.S. equities. A Reuters dispatch to The Globe reports that overseas private-sector inflows into U.S. stocks are running at record levels. The big question now is whether this can be sustained next year. The latest official Treasury International Capital data -- the gold standard for measuring overseas appetite for U.S. assets -- shows that net purchases of U.S. stocks from foreign private-sector investors in the 12 months through September totalled $646.7-billion (all figures U.S.). Indeed, TIC data show that inflows from abroad have been breaking records by this measure almost every month this year, having smashed through the previous peak of $392-billion, from 2021, in January. Monthly net purchases of U.S. stocks from foreign private-sector investors rarely exceed $100-billion (U.S.), but they did in September and November last year. That wave of bullish optimism faded early this year, however, and was quickly replaced by unease surrounding tariffs. Overseas demand for U.S. stocks, however, surged again, with net foreign purchases exceeding $100-billion in three of the last five months and surpassing $90-billion in another.