BREAKING: The 3x leveraged long Semiconductor ETF, $SOXL, has attracted +$3.8 billion in inflows so far this week, putting it on track for its largest weekly intake on record.
This follows 3 consecutive weekly outflows, the longest streak since May.
By comparison, the previous record weekly inflow was +$3.1 billion posted in June this year.
This comes despite $SOXL falling -35% over the last 7 trading sessions.
Meanwhile, the Semiconductor ETF, $SMH, has posted +$430 million in inflows so far this week, on track for its biggest weekly inflow since the start of September.
At the same time, the Semiconductor ETF, $SOXX, has attracted +$574 million, on pace for its 2nd-largest weekly intake since August.
Investors are piling into leveraged semiconductor ETFs at a record pace.
(@TheKobeissiLetter)
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Forwarded from The Kobeissi Letter
