Money moved hard into bonds last week—government bond ETFs saw the biggest inflows in a while. Meanwhile, U.S. large caps got hit with the heaviest outflows after flipping negative.
Classic risk-off rotation. When people get nervous, they don't just sit still—they shift. Bonds feel safer when growth looks shaky or rates peak. Large caps, especially the crowded names, become the exit door.
This isn't panic. It's repositioning. But it's worth watching whether this is a one-week blip or the start of something stickier. Flows don't predict the future, but they do show you where the crowd is leaning right now.
Classic risk-off rotation. When people get nervous, they don't just sit still—they shift. Bonds feel safer when growth looks shaky or rates peak. Large caps, especially the crowded names, become the exit door.
This isn't panic. It's repositioning. But it's worth watching whether this is a one-week blip or the start of something stickier. Flows don't predict the future, but they do show you where the crowd is leaning right now.
