TECHNOLOGY ETF NET OUTFLOWS $8.7 BILLION. XLK IS THE WORST IN INDUSTRY

According to The Kobeissi Letter, the net outflow of ETF XLK from the technology block over the past month was $8.7 billion, the largest of the 500-scale ETFs and a 5.4 per cent decline in the XLKs over the same period, the worst-performing ETFs. ETF XLE and ETF XLC net outflows of $1 billion and $500 million, respectively, from the energy plate and $2.1 billion from the financial block ETF XLF。