Mom-and-pop investors bought ~$20-$25 MILLION of the software sector ETF, $IGV, in 5 days ending Tuesday, according to Vanda Research data.
They have acquired software stocks for 7 weeks STRAIGHT, the longest streak in at least 9 YEARS.
Meanwhile, $IGV is down -11% over the last 2 weeks and has crashed -30% in 4 months.
The ETF is now on the brink of breaking below the April 2025 low.
This is crazy and will not end well.
It's the contrarian FOMO. Microsoft and Adobe will prevail!
Indeed!!!