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

🇪🇺 A clear flow shift is underway, with defensive sectors rapidly shedding $56.66 billion led by $SHB-A-ST, while TLX-DE and other defensive names are seeing inflows of nearly $29 billion. This suggests a sudden pivot away from defensive holdings despite the broad market context. The top outflows remain concentrated in the Cross-Sector Defensive Cohort, indicating a decisive de-risking move. Meanwhile, inflows into TLX-DE and utilities signals a tentative shift toward yield and stability. The next test is whether this rotation broadens beyond these leaders or remains a one-stock story. Watch if the inflow momentum sustains into cyclicals or growth stocks to confirm a genuine change in market tone.