BREAKING: Leveraged ETFs have seen -7.0 billion in net outflows month-to-date, the largest outflow in data going back to 2019. The 3x leveraged long Semiconductors ETF, SOXL, has posted -2.4 billion in outflows, the second-largest in 4 years. This also marks the 5th consecutive monthly outflow. The move comes after SOXL rallied +31% in September. Retail investors are cashing-in gains.(The Kobeissi Letter)