Flows are rotating into Cross-Sector Defensive Cohort while Oil & Gas Major Cohort weakens

🇪🇺 Flow shifted sharply toward defensive stocks, with $ULVR-L attracting over $33.5B in inflows while the oil & gas major VER-VI led outflows of more than $21.5B. The market's focus is now favoring stability, as evidenced by the robust bid in cross-sector defensives, even as energy and industrial names exit en masse. This concentration on defensive themes signals caution about underlying risk appetite, especially after broad outflows from sectors like oil and industrials. The next key test will be whether the defensive bid sustains, confirming a shift into risk-averse positioning, or if the inflows fade, leaving the market vulnerable to renewed sector rotation.