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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.