Flows are rotating into Cross-Sector Defensive Cohort while Cross-Sector Industrial & Consumer Cohort weakens

🇪🇺 Equities are seeing a notable flow reversal as defensive stocks attract the majority of fresh capital, while cyclicals face a sharp exit. The market's current tone is increasingly cautious, with inflows into defensive themes outpacing outflows by a wide margin. This shift signals a move away from risk-on sentiment amid ongoing macro uncertainty. The top inflow centers on the Cross-Sector Defensive Cohort, led by $ULVR-L with +$52.91B, confirming a broad bid for stability. Meanwhile, the largest outflow is concentrated in the Cross-Sector Industrial & Consumer Cohort, spearheaded by VOLV-B-ST with -$20.49B, indicating a significant retreat from cyclical exposure. The divergence underscores a risk-averse mood, with traders favoring safety over growth. The next key test will be whether defensive flows sustain or if cyclicals can regain traction amid evolving macro signals.