According to The Kobeissi Letter, citing Goldman Sachs, foreign investors have sold $22 billion worth of US stocks so far in April 2025, following a $41 billion sell-off in March, the largest in at least a year. High-frequency fund flow data points to European investors as the primary sellers. This significant outflow could impact US equity market liquidity and volatility in the near term, potentially influencing trading strategies focused on large-cap and index-linked securities. Source: The Kobeissi Letter on Twitter, April 28, 2025.