Flows are rotating into Defense & Logistics Cohort while Cross-Sector Defensive Cohort weakens

🇪🇺 A clear flow shift is underway, with a dominant move into defense and logistics while defensive sectors are shedding $12.83 billion. The market's risk posture is tilting away from broad defensives and into more targeted, industrially aligned themes, signaling a potential rotation rather than a broad risk-on rally. The top inflow into the defense and logistics cohort, led by $DANSKE-CO with +$24.29 billion, confirms this directional bias. Meanwhile, the largest outflow from the cross-sector defensive cohort, led by ALC-SW with -$12.83 billion, underscores the retreat from traditional safe havens. This pattern suggests traders are reallocating toward specific sectors with clearer growth drivers, rather than abandoning defensives altogether. Next, watch whether the inflow into defense and logistics broadens beyond the top names or if the outflows from traditional defensives persist. Confirmation will come if the inflow spreads across more members within the defense cohort, indicating a more sustained shift rather than a one-off move.