Flows are rotating into VEEV while ALSN weakens

🇺🇸 A clear flow shift is underway, with the market seeing more outflows than inflows and a notable move out of $ALSN. The 159 outflows and 126 inflows highlight a cautious tone, but the key risk lies in the dominant exodus from ALSN, which alone accounts for a $33M exit. Meanwhile, VEEV attracted $93M in fresh buying, signaling a stark contrast in flow dynamics. This divergence underscores a potential rotation or sector-specific concern, with traders pulling from industrials or manufacturing themes while piling into technology. The next step is to see if VEEV’s inflows hold or if the outflows intensify across the broader tech sector, which could confirm whether this is a fleeting shift or a broader trend.