BREAKING: Tech funds recorded +$6.0 billion in inflows last week, the largest intake in 8 weeks. This brings the 4-week moving average up to +$3.5 billion, the 3rd-highest on record. Inflows have now been positive for 7 consecutive months. Overall, +$34.6 billion flowed into stocks last week, alongside +$87.2 billion into cash and +$23.0 billion into bonds. Meanwhile, investors withdrew -$1.2 billion from utilities over the last 2 weeks, the biggest 2-week outflow since November 2024. Investors are rapidly accumulating tech stocks.(The Kobeissi Letter)