Investors are buying tech stocks at an accelerating pace:

The communication services sector single stocks saw a record +$2.2 billion in inflows last week.
This follows +$400 million and -$2.9 billion in prior weeks, the largest outflow on record.
Meanwhile, industrials posted -$1.5 billion in outflows, the largest since 2018.
At the same time, investors withdrew -$1.3 billion from financials, marking the 8th weekly sale out of the last 9.
Overall, total single stocks saw -$2.2 billion in outflows last week.
Capital is fleeing everything except Big Tech.