Investors are flooding the U.S. stock market with capital at an unprecedented, record-breaking pace, with equity exchange-traded funds (ETFs) hitting fresh highs since the late March bottom.
Record-Breaking April
In a massive reversal of market sentiment, total U.S. equity ETF inflows have surpassed a staggering $100 billion since the market’s March 30th low.
Being the largest ETFs in the U.S., State Street SPDR S&P 500 ETF Trust (NYSE:SPY), Vanguard S&P 500 ETF (NYSE:VOO), and iShares Core S&P 500 ETF (NYSE:IVV)—are the primary vessels for this historic surge.
According to data from Strategas Asset Management shared by The Kobeissi Letter, average daily equity ETF inflows skyrocketed to a record $7.5 billion during the first three weeks of April.
To put this sudden influx into perspective, it represents a massive 153% increase compared to the March daily average of just $2.9 billion.
This post was originally published here
