Market Wrap: Slate Mesh shaped the close

🇪🇺 The session closed with a late rotation into the Cross-Sector Defensive Cohort and Slate Mesh, but caution remains as the theme's momentum faded after its brief start. The slate mesh theme launched around 10:55 ET, confirming a shift in flow, yet by session end it had largely rolled over, leaving the market in a cautious stance. Top names like ALFA.ST, UHR.SW, and ALTR.LS saw activity spike early but failed to sustain their moves, indicating waning conviction. What matters next is whether the defensive posture consolidates or if the rotation broadens. The next session's focus will likely be on BGEO.L, DSV.CO, and ELUX-B.ST, which could signal whether the market is ready to extend the rotation or revert to risk-off. For now, the market remains in a delicate balance, with the primary cashtag showing some resilience but the broader themes still tentative.