Flows are rotating into Cross-Sector Financial & Industrial Cohort while Cross-Sector Defensive Cohort weakens

🇪🇺 Market flow shifted sharply toward cyclicals today, with inflows into the Cross-Sector Financial & Industrial Cohort led by $ZEAL-CO surging to +$4.55B. Meanwhile, defensive sectors like the Cross-Sector Defensive Cohort, led by ASRNL-AS, saw a significant outflow of nearly $2B, signaling a clear rotation away from safety into growth and value themes. The net flow count favors inflows by 9 clusters, confirming a broadening move rather than a one-off event. This flow pattern underscores a risk-on tilt, but caution remains as the largest outflow still centers on defensive themes. The next key test is whether the inflows into cyclicals sustain or fade, especially as the market eyes the upcoming macro data and earnings signals. Watch whether the ZEAL-CO-led inflow maintains momentum to confirm a durable shift or if the flow narrows again.