A massive leverage unwind is underway in semiconductor ETFs:
Assets under management (AUM) in US leveraged semiconductor ETFs have dropped -$63 billion from the June peak, to $100 billion, the lowest since late April.
This marks a -39% decline, the largest drawdown since April 2025, when assets more than halved from their August high.
This also accounts for 63% of the -$100 billion decline in AUM across all US leveraged ETFs over the same period.
The selloff came after assets in these funds nearly tripled between the last week of March and their June peak.
Even after this sharp unwind, leveraged semiconductor ETF assets remain +400% above January 2023 levels.
Investors are aggressively cutting leverage.
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Assets under management (AUM) in US leveraged semiconductor ETFs have dropped -$63 billion from the June peak, to $100 billion, the lowest since late April.
This marks a -39% decline, the largest drawdown since April 2025, when assets more than halved from their August high.
This also accounts for 63% of the -$100 billion decline in AUM across all US leveraged ETFs over the same period.
The selloff came after assets in these funds nearly tripled between the last week of March and their June peak.
Even after this sharp unwind, leveraged semiconductor ETF assets remain +400% above January 2023 levels.
Investors are aggressively cutting leverage.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
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Its kinda funny how every amber alert is just "divorced dad without custody takes his kid"
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Describing Andrew and Tristan Tate as 'White males' is quite something
This is their father, Emory Tate:
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This is their father, Emory Tate:
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Media is too big
VIEW IN TELEGRAM
Indian Prime Minister Narendra Modi:
We will make cleanliness our habit. Cleanliness will become our culture.
We will make cleanliness a part of our everyday lives.
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We will make cleanliness our habit. Cleanliness will become our culture.
We will make cleanliness a part of our everyday lives.
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THE BIGGEST RISK TO MARKETS COULD BE BACK.
Inflation.
Inflation had just started cooling. Oil crashed from over $120 down toward $70 after the ceasefire in June, and that drop showed up directly in softer CPI and PPI prints.
Now the ceasefire has collapsed, the Strait of Hormuz is disrupted again, and the exact mechanism that cooled inflation is reversing.
The setup forming right now looks a lot like 1973: a sudden oil supply shock hitting an economy with no spare capacity left to absorb it.
The Strait of Hormuz normally carries 20.3 million barrels per day, about 20% of global oil consumption. Since the ceasefire broke down, tanker traffic through it has dropped more than 90%.
Now the backup route is also at risk.
The Bab el-Mandeb strait carries another 7.4 million barrels per day, about 7% of global output.
Reuters reports Iran has directly told the Houthis to prepare closing it if the US strikes Iran's power infrastructure.
If both routes shut at once, roughly 27% of global oil supply gets disrupted simultaneously.
Normally, this is where the US steps in and releases oil to cap the price spike. But not this time.
The Strategic Petroleum Reserve sits at 326 million barrels, the lowest level since 1983, after 13 straight weeks of drawdowns.
The one tool that's absorbed every oil shock since the 1970s has far less room left to work with.
That matters because the Fed is already primed to react.
The June dot plot shows 9 of 18 officials projecting at least one rate hike in 2026, and the median inflation forecast was just revised up to 3.6%. The Fed isn't starting from a comfortable place.
It's starting from a place where inflation is already the top concern.
Put it together the cooling trend in inflation was built entirely on oil staying down, that support just broke, the reserve has little left to cushion a fresh spike, and the Fed is already leaning toward hiking, not cutting.
That's the exact combination that turns a regional conflict back into an inflation problem for the entire market.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Inflation.
Inflation had just started cooling. Oil crashed from over $120 down toward $70 after the ceasefire in June, and that drop showed up directly in softer CPI and PPI prints.
Now the ceasefire has collapsed, the Strait of Hormuz is disrupted again, and the exact mechanism that cooled inflation is reversing.
The setup forming right now looks a lot like 1973: a sudden oil supply shock hitting an economy with no spare capacity left to absorb it.
The Strait of Hormuz normally carries 20.3 million barrels per day, about 20% of global oil consumption. Since the ceasefire broke down, tanker traffic through it has dropped more than 90%.
Now the backup route is also at risk.
The Bab el-Mandeb strait carries another 7.4 million barrels per day, about 7% of global output.
Reuters reports Iran has directly told the Houthis to prepare closing it if the US strikes Iran's power infrastructure.
If both routes shut at once, roughly 27% of global oil supply gets disrupted simultaneously.
Normally, this is where the US steps in and releases oil to cap the price spike. But not this time.
The Strategic Petroleum Reserve sits at 326 million barrels, the lowest level since 1983, after 13 straight weeks of drawdowns.
The one tool that's absorbed every oil shock since the 1970s has far less room left to work with.
That matters because the Fed is already primed to react.
The June dot plot shows 9 of 18 officials projecting at least one rate hike in 2026, and the median inflation forecast was just revised up to 3.6%. The Fed isn't starting from a comfortable place.
It's starting from a place where inflation is already the top concern.
Put it together the cooling trend in inflation was built entirely on oil staying down, that support just broke, the reserve has little left to cushion a fresh spike, and the Fed is already leaning toward hiking, not cutting.
That's the exact combination that turns a regional conflict back into an inflation problem for the entire market.
🄳🄾🄾🄼🄿🤖🅂🅃🄸🄽🄶
Media is too big
VIEW IN TELEGRAM
Argentina fans take over Times Square
For once we're not seeing third world Muslims crowd Times Square
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For once we're not seeing third world Muslims crowd Times Square
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