BREAKING: The Semiconductor ETF, SMH, posted a record +1.3 billion in inflows last week. This now surpasses the previous high of +1.2 billion seen in Q1 2022. This is also more than DOUBLE the weekly average seen this year. At the same time, the 3x leveraged long Nasdaq 100 ETF, TQQQ, attracted a whopping +1.2 billion in net inflows. As a result, US-listed ETFs took in +43.0 billion during the week ending Friday, pushing year-to-date inflows to a record +1.14 trillion. Investor appetite for tech stocks is through the roof.(The Kobeissi Letter)