Recent data on exchange-traded fund (ETF) flows indicates notable sector rotations within U.S. equities. Investment Grade and Gold sectors are currently experiencing the largest inflows compared to their averages, while Treasury and Technology sectors are seeing outflows. Over the past week, the largest absolute flows have been recorded in various ETFs, with $VOO attracting $4.2 billion in inflows, while $QQQ, $TLT, $EFG, and $IWM experienced outflows of $3.9 billion, $3.1 billion, $2.6 billion, and $2.3 billion, respectively. Additionally, Bank of America reported that U.S. Treasuries faced their largest weekly outflow in 11 weeks, amounting to $1.2 billion. In contrast, European equities have seen their largest inflows in years, totaling $12 billion over four weeks, with a record inflow of $1 billion into Gold this week, pushing its four-week inflows to $9.9 billion.