Investor rotation away from bonds and money market funds toward equities indicates reduced demand for safe-haven assets

"The key takeaway is that investors are rotating out of semiconductors and into cyclicals, particularly materials and energy. Materials ETFs have received net inflows equal to 28.6% of assets year to date, followed by industrials at 16.7% and energy at 14.1%. Technology, on the other hand, stands at only 4.1%."

"Meanwhile, demand for U.S. bond funds moderated, with net inflows slowing to a 15-week low of $1.34 billion during the week. Money market funds continued to witness investor withdrawals, registering $11 billion in net outflows for the third consecutive week"