Flows are rotating into Cross-Sector Defensive Cohort while Cross-Sector Defensive Cohort weakens

🇪🇺 A clear flow reversal is underway, with defensive sectors shifting from heavy outflows to significant inflows, signaling a cautious market tone. The $SHB-A-ST leader saw the largest outflow at over $58 billion, yet the top bid in the same theme confirms a $48.95 billion inflow into RED-MC, illustrating a shift from risk-off to a defensive bid. Meanwhile, broad sector outflows remain substantial, but the inflow into key defensive names suggests a tentative bottoming. This flow pattern underscores a market trying to stabilize amid lingering risk aversion. The next key test is whether the inflows to RED-MC and other defensive leaders can sustain or deepen. A sustained bid here would validate a cautious shift, while a fade could signal continued volatility and a potential retest of recent lows. Watch whether the flow into RED-MC holds through midday.