Flows are rotating into GEN while EBAY weakens

🇺🇸 Equities are seeing a notable flow reversal, with inflows now outnumbering outflows by a significant margin, signaling a potential shift in investor sentiment. The latest snapshot shows 165 inflows versus 107 outflows, led by $GEN (Gen Digital Inc.) with a fresh +$55M, while EBAY remains the largest outflow at -$25M. The move suggests traders are rotating away from retail and e-commerce themes toward more defensive or growth-oriented plays. The divergence between EBAY’s exit and GEN’s entry confirms a rotation away from the former’s theme and into the latter’s. This transition underscores a cautious tone amid ongoing macro concerns, with traders favoring themes that offer more growth or stability. The next key step is whether this flow pattern sustains through the day, which would reinforce a broader shift in market leadership.