In the week leading up to Wednesday, US equities experienced an outflow of $8.9 billion, according to Bank of America citing EPFR data. This period also saw a significant shift in investment flows, with Japanese and European shares attracting inflows. US Treasuries faced a $4.5 billion outflow, marking the largest withdrawal since December 2023. Concurrently, gold saw its first weekly outflow since January, indicating a notable change in investor sentiment towards these assets. In the bond market, European bond funds received about $3.8 billion in inflows, while US government bond funds saw $4.4 billion in outflows. Globally, bond funds have experienced the worst four-week cumulative outflow of $37.9 billion since the 2022 rate hike cycle. Within the US equity market, sector rotations are evident with High Yield and Technology sectors seeing the largest inflows compared to their averages, while Large Cap and Treasury sectors are experiencing outflows. Notable ETFs affected include SPY with a -$6.9 billion outflow, IVV with a -$4.8 billion outflow, VOO with a $3.6 billion inflow, TQQQ with a -$3.2 billion outflow, and IWM with a -$1.5 billion outflow over the past seven days.