The Kobeissi Letter|Nov 12, 2026 23:36
Investors buying the dip in US equity ETFs at an unprecedented pace:
The S&P 500 ETF, VOO, attracted +$16.9 billion in inflows over 5 trading days ending November 10th, the most among major US equity ETFs.
This was followed by the Nasdaq 100 ETF, QQQ, and the total US stock market ETF, VTI, at +$5.3 billion and +$3.3 billion, respectively.
At the same time, the S&P 500 ETF, SPYM, and the Nasdaq 100 ETF, QQQM, attracted +$2.6 billion and +$2.2 billion.
Meanwhile, the 3x Leveraged Long Semiconductor ETF, SOXL, and the 3x Leveraged Long Nasdaq 100 ETF, TQQQ, saw +$2.1 billion and +$1.4 billion in inflows.
In total, 10 major US equity ETFs attracted a massive +$37.5 billion over 5 trading days ending Tuesday.
Investors are aggressively buying the dip.
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