Foreign investors are buying U.S. stocks at record speed

Foreign investors are now buying U.S. stocks at the fastest pace in history.
That is a major flow signal.
Global capital continues to treat the U.S. as the deepest and most attractive equity market.
AI leadership, mega-cap tech dominance, liquidity, and earnings visibility are all helping pull money into U.S. equities.
For $SPY and $QQQ, foreign demand remains a powerful support.
The risk is that this also increases global dependence on a very concentrated U.S. market.