The Kobeissi Letter|2月 12, 2025 21:39
BREAKING: Global investors have pour a record 520 billion into US equities over the last 12 months.
This surpasses the previous all time high seen in 2021 by ~30 billion.
By comparison, emerging market stocks saw 220 billion of net inflows, or 57% less.
Furthermore, developed markets excluding the US attracted just 20 billion in inflows.
As a result, foreign holdings now reflect 59% of US financial assets, officially breaking above the 2000 Dot-Com Bubble peak.
Investors are piling into US stocks.
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