We’re witnessing another bubble…

September 3, 2023 10:59 pm by CWR

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Tech stocks have now seen their longest streak of inflows since September 2021.

Year-to-date, tech funds have seen a total of $34 billion of inflows.

To put this in perspective, the second largest category is consumer funds with just $4 billion.

Meanwhile, just 5 tech stocks… pic.twitter.com/xFHxJcR8Du

— The Kobeissi Letter (@KobeissiLetter) September 3, 2023

Hedge Fund exposure to mega cap tech stocks reaches highest level EVER RECORDED pic.twitter.com/HDXyOap1tA

— Barchart (@Barchart) August 29, 2023

See also The housing bubble has definitely popped in the South and Mountain West. Midwest and Northeast likely a slower unwind. The institutionals are trying to quietly offload properties.

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