According to crypto KOL Phyrex, who shared the data in a post on X, US retail investors have shifted their trading direction. Last week, they were net sellers of stocks for four consecutive trading days, marking the longest net-selling streak this year. Tech stocks saw the heaviest selling, with weekly net sales of approximately $7 billion. Two of the three largest single-day sell-offs of tech stocks by retail investors on record also occurred last week. The sell-off was centered in semiconductor and memory chip stocks — areas that had seen concentrated retail buying in May and June. Alongside the equity moves, US tech-focused leveraged ETFs have seen their assets shrink by about $50 billion from the June peak. Leveraged ETF products tied to South Korea and Taiwan have fallen more than half from peak levels. SOXL, the 3x semiconductor ETF, is down roughly 67% from its high, while trading volume in the 2x Hynix ETF has dropped more than 90% from its peak.
Crypto KOL Phyrex said in a post on X that the trading direction of US retail investors has shifted noticeably. The data shared shows retail investors were net sellers of stocks for four consecutive trading days last week, the longest such streak this year. Tech stocks saw the heaviest selling pressure, with weekly net sales of roughly $7 billion.
Two of the three largest single-day sell-offs of tech stocks by retail investors on record also took place last week. The selling was concentrated in semiconductor and memory chip segments — the same sectors that absorbed concentrated retail buying in May and June.
At the same time, assets in US tech-focused leveraged ETFs have fallen by about $50 billion from the June peak. Related leveraged ETFs in South Korea and Taiwan are down more than half from their peak levels. SOXL, the 3x semiconductor ETF, is off roughly 67% from its high, while trading volume in the 2x Hynix ETF has declined more than 90% from its peak.
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