Flows are rotating into Cross-Sector Defensive Cohort while Australian Resource & Industrial Growth weakens

🇯🇵 Flow shifted sharply from Australian Resource & Industrial Growth into Cross-Sector Defensive Cohorts, signaling a cautious tone. The largest outflow was from $CSC-AX with a -$1.7K move, while BEN-AX attracted a +$4.9K inflow, confirming a defensive rotation. The divergence underscores a shift away from cyclical themes toward stability. This rotation suggests traders are prioritizing safety amid uncertain macro signals. The next test will be whether defensive flows sustain or fade as broader market sentiment firms. Watch for whether the defensive bid in BEN-AX holds through the session to confirm the shift’s durability.