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📊 US EQUITY ETF FLOWS ARE COOLING
September averaged $3.3B/day in inflows, the lowest since March, and the 3rd consecutive monthly decline.
For context: • June: $7.0B/day • 2025 average: $3.7B/day • Sept. 2026: $3.3B/day
Investors aren’t necessarily leaving the market — they’re simply becoming more cautious.
The big question: where does that sidelined capital go next? 👀
headmetax
GN 💤
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