Flows are rotating into FRSH while ESE weakens

🇺🇸 Equities are seeing a notable shift from broad inflows to a concentrated outflow pattern, with $ESE (ESCO Technologies Inc.)$ leading a $209M exit amid rising caution. The overall flow snapshot shows 159 outflows versus 117 inflows, signaling a move toward risk-off sentiment. The dominant theme is a clear retreat from the energy sector, with ESE$ the largest individual exit, confirming a widespread move away from the group. Meanwhile, fresh buying is focused on FRSH$, which attracted $74M, the top bid, indicating selective interest in more defensive or growth-oriented names. The divergence underscores a market increasingly selective rather than broad-based. Next, watch whether ESE$ confirms the exit with continued weakness or if FRSH$ sustains its inflow, which would hint at a potential rotation. For now, the flow shift warns of rising caution, but the market’s next move depends on whether these themes hold or fade.