BREAKING: The 3x leveraged long semiconductor ETF, SOXL, attracted a record +$1.03 billion in inflows on Tuesday. At the same time, the 3x leveraged short semiconductor ETF, SOXS, posted -$230 million in outflows, the largest daily outflow since late March. Furthermore, the 3x leveraged long Nasdaq 100 ETF, TQQQ, saw +$161 million in inflows, the highest daily intake since March 31. In other words, SOXL inflows were more than 6 times larger than TQQQ inflows, as investors concentrated their bullish bets in semiconductors. SOXL is now up +354% since the March 30th bottom, the largest 31-day increase since the fund launched in 2010. This comes as the semiconductor sector, SOX, is up +68% over the same period, the 3rd-best 31-day performance on record. The run in semiconductor stocks is truly historic.(The Kobeissi Letter)