Flows are rotating into PRY.MI while STAN.L weakens

🇪🇺 A clear shift away from cyclic and commodity exposure is underway, but the market’s flow picture remains fragile. The dominant theme today shows a massive outflow from $STAN-L, totaling over $35 billion, signaling a sharp retreat from the leading industrials and commodities. Meanwhile, inflows into PRY-MI have hit $32 billion, emphasizing a pivot into defensive sectors like utilities and stable-growth themes. This flow divergence underscores a cautious tone, with traders pulling back from cyclical bets while piling into more resilient names. The next test comes as the market attempts to sustain this rotation without triggering broader weakness. Watch whether inflows into PRY-MI persist and if the outflows from STAN-L deepen or stabilize, as these will be key signals on whether the shift is a temporary repositioning or a more sustained change in market leadership.