Flows are rotating into FRSH while ESE weakens

🇺🇸 A clear shift emerges as outflows from $ESE (ESCO Technologies Inc.)$ continue to dominate the flow landscape, with an outflow count of 152 versus 121 inflows. The largest exit, $197M from ESE$, underscores persistent selling pressure in the energy service sector, even as fresh buying interest in FRSH$ with a $72M inflow signals some sector rotation. This divergence signals a cautious tone, with traders retreating from energy stocks while embracing health and consumer staples themes. The next important move is whether FRSH$ can sustain its inflow momentum and confirm broadening participation. If FRSH$ holds above its recent highs, it could indicate a shift away from the energy sector’s weakness, but the ongoing ESE$ outflows remain a warning that the broader market still faces headwinds.