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![KobeissiLetter Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3316376038.png) The Kobeissi Letter [@KobeissiLetter](/creator/twitter/KobeissiLetter) on x 944K followers
Created: 2025-07-03 15:57:56 UTC

Foreign investors are diversifying out of US stocks:

Investors from overseas withdrew ~$5 billion from US equity ETFs over the last month, the largest outflow in at least X years.

This follows ~$5 billion in net purchases during May.

By comparison, foreign investors poured in a whopping ~$24 billion into US stock ETFs in November 2024.

This is all despite the S&P XXX rallying +5% over the last month and hitting an all-time high for the first time since February.

Global investors are diversifying away from US stocks.

![](https://pbs.twimg.com/media/Gu8dT4hXMAAyUni.jpg)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1940802195248615788/c:line.svg)

**Related Topics**
[rating agency](/topic/rating-agency)
[stocks](/topic/stocks)
[$spy](/topic/$spy)

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