Money Market Funds experienced a significant weekly outflow of $20 billion, marking the largest outflow since June. Emerging Market equities also saw their 10th consecutive week of outflows, according to JPMorgan. In the US equities market, there has been notable sector rotation with large-cap and broad equity ETFs seeing substantial inflows. Over the past week, U.S. large-cap equity ETFs took in more than $23 billion, which is the largest compared to other asset classes. Significant inflows were observed in ETFs such as $SPY ($10.5B), $VOO ($7.2B), $VTI ($3.2B), $VTV ($3.1B), and $VUG ($2.9B). Conversely, financials and treasury sectors experienced outflows, with $IVV seeing an outflow of $21.4 billion and $QQQ receiving $3.4 billion.