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Global Markets Investor
@GlobalMktObserv
Global Markets Investor is a financial research platform covering global markets and economies. Founded by a Wall Street equity and macro research professional.
Joined July 2023
62 Following    99K Followers
This is absolutely MIND-BLOWING: The 3x leveraged long semiconductor ETF, $SOXL, is down -51% from its October 6th peak. Meanwhile, the fund recorded +$3.13 billion in inflows this week, following +$6.14 billion the previous week, bringing the two-week total to +$9.27 billion and marking its largest two-week inflow EVER. $SOXL is now down -72% from its June peak, bringing it close to levels also seen in late 2021. Over the same period, the fund attracted +$13.6 billion in inflows, mostly from retail investors. The semiconductor trade is undergoing a brutal reversal.
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