Flows are rotating into PAYC while WFRD weakens

🇺🇸 Flow shifted sharply from a broad equity outflow to a concentrated inflow into $PAYC (Paycom Software, Inc.), signaling a potential rotation. Today’s data shows WFRD led the exits with a $51M outflow, while PAYC attracted a $55M inflow, marking a clear pivot in trader sentiment. This move suggests traders are moving away from the theme of WFRD and telecom names toward PAYC, which confirms a top-tier bid. Next, watch whether this inflow sustains and spreads to related themes or remains isolated, as that will determine if the rotation is a fleeting adjustment or the start of a broader shift.