US Tech Funds See Second-Biggest Weekly Inflow on Record

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US technology funds recorded $14.3 billion in inflows for the week ending July 1st. This represents the second-largest weekly inflow on record for the sector. These inflows follow $9.3 billion in outflows during the previous week.

The substantial inflows contributed to a record 4-week average of $9.0 billion in weekly inflows, suggesting a strong shift of investor capital into technology. This aggressive rotation into tech funds comes after a period of outflows. On Hyperdash,

Nasdaq 100 is up +0.05% and S&P 500 is up +0.08% since the news.

SourcesKobeissi Letter

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