According to JPMorgan Chase, last week U.S. stock index futures saw approximately $21 billion in net selling, with most selling concentrated on Friday in S&P 500 and Nasdaq 100 futures contracts.
However, equity ETF inflows reached $26.8 billion, not only fully offsetting the futures market outflows but also achieving overall net inflows. Fixed income ETFs also attracted strong inflows, while commodity funds and some emerging market funds experienced redemptions, indicating investors are rotating across sectors while maintaining a net long position in U.S. equities.