U.S. equity funds draw $20.6B as money-market funds see $41.36B outflows

Weekly fund flows show a clear risk-on rotation: U.S. equity funds drew $20.6B while money-market funds saw $41.36B in outflows. The shift from cash-like vehicles toward equities typically reflects improving risk appetite and can support broader equity beta in the near term, tightening financial conditions less than feared and reinforcing momentum-sensitive positioning across U.S. stocks.