Flows are rotating into ALGM while AGG weakens

🇺🇸 Equities are seeing a decisive flow reversal, with inflows sharply outpacing outflows and signaling a potential shift in investor risk appetite. The flow snapshot shows 197 inflow clusters versus just 82 outflows, with the largest inflow concentrated in $ALGM (Allegro MicroSystems, Inc.) at +$66M and the biggest outflow in AGG at -$16M. The move away from bond proxies like AGG confirms a tilt toward sector-specific bets. What matters next is whether this flow pattern sustains or reverses. The strong bid for ALGM suggests a rotation into industrials or value sectors, while the decline in AGG points to a waning demand for fixed income. The key test will be whether inflows into cyclicals or tech-related themes follow through, or if the shift stalls. Watch whether broader breadth widens or remains concentrated in a few leaders.