Flows are rotating into DLN.L while SCT.L weakens

🇪🇺 Equities flows have shifted sharply toward a single large bid in $DLN-L, while a major outflow from SCT-L signals a potential top. The market’s dominant move is now concentrated in a one-way bid for DLN-L, which saw inflows of over $36 billion, confirming strong buyer interest. Meanwhile, SCT-L experienced a $13.76 billion exit, suggesting traders are pulling back from that theme amid waning momentum. This divergence underscores a narrowing leadership and a possible rotation in market sentiment. Next, watch whether DLN-L can sustain its inflow amid the outflows from SCT-L and others like BT-A-L and RBREW.CO. A sustained bid in DLN-L with limited broader participation would reinforce a cautious tone, hinting that the rally’s breadth remains limited.