Emerging market stocks experienced their largest weekly outflow since April 2020, signaling a shift in investor sentiment. In contrast, U.S. stocks saw significant inflows, attracting $11 billion last week, as reported by Citi. This trend reflects a growing preference for U.S. equities among global investors, with total inflows into U.S. stock ETFs reaching approximately $145 billion year-to-date, surpassing the previous record set in 2021 by $10 billion and doubling the amount from the previous year. Additionally, U.S. households have increased their stock allocation to a record high of 48% in October, aligning with levels seen during the Dot-Com Bubble peak, indicating a strong commitment from retail investors to the stock market.