⚠️Are investors piling into US semiconductor stocks at the wrong time?
US Leveraged ETF assets are up to a record ~$218 billion, up more than +350% since June 2020.
Since the end of March alone, assets have surged +$82 billion, or +60%.
This has been led by technology ETFs, up +136%, and semiconductor funds, up +175%, over the same period.
Meanwhile, the semiconductor ETF, $SOXX, is down -14% over the last several trading sessions while the 3x leveraged long semiconductor ETF, $SOXL, is down -40%.
Is the hottest trade in the world breaking up?
US Leveraged ETF assets are up to a record ~$218 billion, up more than +350% since June 2020.
Since the end of March alone, assets have surged +$82 billion, or +60%.
This has been led by technology ETFs, up +136%, and semiconductor funds, up +175%, over the same period.
Meanwhile, the semiconductor ETF, $SOXX, is down -14% over the last several trading sessions while the 3x leveraged long semiconductor ETF, $SOXL, is down -40%.
Is the hottest trade in the world breaking up?