Foreign investors are pouring into the US stock market at a record pace, with inflows significantly higher than the historical average

The Kobeissi Letter points out that foreign investors are pouring into the US stock market at a record pace, with the cumulative size of global investment funds entering the US stock market since the beginning of the year rising to about 2.5% of their total asset management scale, which has more than doubled since May alone. The average outflow during the same period from 2002 to 2025 was 0.3%, and the current level is significantly higher than the historical average. Excluding the top 10% of fund inflows and the bottom 10% of fund outflows between 2002 and 2025, the average size of global fund inflows into US stocks during the same period is approximately 1.5% of the total asset management size. Since the beginning of this year, the inflow rate of funds into the US stock market has exceeded the total inflow scale of the middle 50% of the year since 2002, and the current demand for the US stock market is at an unprecedented level.