The Kobeissi Letter: US technology funds posted $5 billion of outflows over the last 4 weeks, the most on record.

The Kobeissi Letter: US technology funds posted $5 billion of outflows over the last 4 weeks, the most on record.

https://preview.redd.it/vrbvr568zl0e1.jpg?width=764&format=pjpg&auto=webp&s=a73e6c0f4acfaa5db95f1a2fa53ecb9a407d60ae

This is more than double the outflows seen at the beginning of the 2022 bear market, according to Bank of America.

This comes after tech funds experienced record inflows for two consecutive years.

During this time, the Nasdaq 100 has rallied +90%, marking one of the best performances since the 2000 Dot-Com Bubble.

Despite massive outflows, tech stocks continued their run and the Nasdaq 100 gained 5% this week.

Are tech stocks ready for a pullback?

submitted by /u/FXgram_
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post: