Foreign investors withdraw from US stocks

• Foreign investors pulled approximately $5 billion from US stock ETFs in June, the largest outflow in over three years.

• This follows net inflows of approximately $5 billion in May and $24 billion just in November 2024.

• The pullback occurs despite the S&P 500 rising 5% and reaching new all-time highs.

Global capital is discreetly withdrawing from US stocks.