Flows are rotating into Defense & Logistics Cohort while Energy Sector Consolidation weakens

🇪🇺 The market is shifting from broad energy sector liquidation to a concentrated inflow into defense and logistics, signaling a potential rotation rather than a sustained trend. Outflows from energy, led by $ENI-MI at over $10 billion, remain sizable, but inflows into defense and logistics, spearheaded by DANSKE-CO with nearly $40 billion, are now dominating the flow picture. This flow pattern confirms a tactical pivot toward defense and logistics themes, with a clear leader in DANSKE-CO. The next test is whether this inflow sustains and broadens beyond the cohort, or if the energy outflows resume dominance. Watch for flow shifts in other defensive names or emerging sectors to gauge if this is a true rotation or a fleeting divergence.