Flows are rotating into Utilities & Communications Cohort while Cross-Sector Defensive Cohort weakens

🇪🇺 Flow shifted sharply toward defensive themes, with inflows to utilities and communications surging over $49 billion while outflows from cross-sector defensives topped $57 billion. The biggest outflow was from the Cross-Sector Defensive Cohort led by $SHB-A-ST, signaling a significant exodus from perceived safety plays. Meanwhile, the top inflow went into the Utilities & Communications Cohort, driven by NTGY-MC, confirming renewed interest in defensive yield. This pattern underscores a cautious mood, with traders reallocating away from broad defensives and into specific utility plays. The next key test will be whether this inflow sustains beyond the immediate move, or if broader sector confidence begins to re-establish. Watch if NTGY-MC’s flow remains steady as a gauge of whether defensive positioning is truly shifting or just a tactical pause.