Flows are rotating into FRSH while AIR weakens

🇺🇸 The market is seeing a notable flow shift with outflows surpassing inflows for the first time today, signaling a cautious tone among traders. The outflow count stands at 174 compared to 97 inflows, with the largest exit coming from $AIR (AAR Corp.) at -$30M, while the top bid boosts confidence with a +$47M flow into FRSH. This divergence underscores a rotation away from tech and aerospace themes into more defensive or fresh positions. The key takeaway is the clear preference for FRSH, which is attracting the strongest inflow and confirming a shift in trader sentiment. The flow into FRSH is spreading across multiple clusters, indicating broadening participation rather than a single-stock move. Next, watch whether this shift consolidates or reverses, as confirmation would require sustained inflows into FRSH and continued outflows from aerospace and tech sectors.