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

🇪🇺 A clear flow shift is unfolding, with inflows into industrial and consumer machinery outweighing defensive outflows, signaling a potential rotation away from safety toward growth. The top bid of $3.75 billion for $ZEAL-CO in the machinery space contrasts sharply with the $3.57 billion exit from ULVR-L in the defensive sector, emphasizing this pivot. This pattern confirms a broadening confidence in cyclicals, but the dominant move remains concentrated in one theme: machinery. Next, watch whether the inflow momentum sustains with other industrial names or if defensive outflows resume, which would suggest a tentative shift rather than a decisive change.