The Kobeissi Letter(@KobeissiLetter):Investors are piling into US equities at a record pace: US equity ETFs have attracted +$880 billion in inflows year-to-date, on track for their largest annual inflow on record. This already surpasses every full-year total except the all-time high set in 2025. Furthermore, current inflows are more than twice the levels seen at the same point in 2021 and 2025. At this rate, annual inflows will exceed +$1.4 trillion by year-end. This would be ~$500 billion above the 2025 record of ~$920 billion. Investor demand for US equities is unprecedented.

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The Kobeissi Letter@KobeissiLetter

2026.07.24 16:47

Investors are piling into US equities at a record pace: US equity ETFs have attracted +$880 billion in inflows year-to-date, on track for their largest annual inflow on record. This already surpasses every full-year total except the all-time high set in 2025. Furthermore, current inflows are more than twice the levels seen at the same point in 2021 and 2025. At this rate, annual inflows will exceed +$1.4 trillion by year-end. This would be ~$500 billion above the 2025 record of ~$920 billion. Investor demand for US equities is unprecedented.