WHILE SEMIS CONTINUE TO COME PAUSE... Proprietary Information - Please Do Not Redistribute. 2 7/16/2026 iShares Semis ETF: SOXX 50 & 200-Day MA Overbought / Oversold $522 Consolidation / correction continues here, but not infecting other corners of the market. ...AAPL LEADS... Proprietary Information - Please Do Not Redistribute. 3 7/16/2026 Apple Inc: AAPL 50 & 200-Day MA AAPL Relative to S&P 500 Positive / Negative Trend Signals Overbought / Oversold ✓ ✓ Stay long, add ...

ETF Research Tuesday, July 14, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com MEMORY MANIA: SEMIS ARE TODAY'S ARKK 3-months ago we ... Today, 2x Hynix ETFs launch in the U.S. Here's what you need to know: * Semiconductor ETFs are trading over $40 Bn per day. This was $9 Bn per day 1-year ago and $4 Bn the day ChatGPT was released. They are at the center of the levered ETF boom (see last week's note). For a niche ETF, DRAM is trading volumes akin to ARKK back in ...

Energy led all sectors, up +3.49%, as crude oil rallied following renewed tensions after the Iran ceasefire ended. Despite this, the VIX fell to 15.03 from 16.15 the prior week. Heading into a busy week (Earnings, CPI, Options Expiration) the S&P 500 Index weekly at-the-money straddle implies a move of just 1.07% in either direction. ETF Description Jun 26, 2026 Jul 2, 2026 Jul 10, 2026 SPY S&P 500 -2.38% 2.17% 1.37% XLK Technology -5.28% -0.29% 2.87% XLY Cons. Disc. -2.18% ...

Economic Surprise Index Eco Surprise Index 10yr Yield BB SPREADS ON THE TIGHTS AHEAD OF RENEWED IRAN TENSION Proprietary Information - Please Do Not Redistribute. 6 7/10/2026 S&P 500 50 & 200-Day MA U.S. BB Corporate Spreads 6-Month High & Low Lines Nothing here particularly troubling. TRANSPORTS / FREIGHT CONTINUE TO ACT GREAT Proprietary Information - Please Do Not Redistribute. 7 7/10/2026 Transports ETF: IYT 50 & 200-Day MA IYT Relative to S&P 500 Positive / Negative ...

Bottom line, as chief market strategist Chris Verrone has told us, money is actively rotating around equities, not leaving the asset class. Energy has strengthened and ~90% of the sector is in uptrends in our work. Chris prefers energy equities to the commodity. Todd Sohn our chief ETF strategist has also noted that energy flows have reset following the March sugar rush. Energy is an anti-beta play now. Energy Trade Idea: XLE Aug 58-62 Call Spread for $0.73 * 1.3% of spot * ...

May. Jun. Cumulative Energy Sector ETF Flows vs. $ Volume Since U.S. / Iran Conflict $MM Prepared by Baird Strategas LLC, FINRA member. Proprietary Information - Please Do Not Redistribute. See Appendix for Important Disclosures. ETF Research Thursday, July 9, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com ENERGY ETFs: ANTIDOTE TO HIGH BETA A quick look under the hood of most popular ETFs reveals 1) overexposure to large-cap Growth and Tech, while 2) very limited ...

Tsy Futures Vol Tsy Net Issuance & RRF Operations MOVE Index & Bond ETF Volatility Options on Tsy Futures OI Tsy Auction Bid-to-Cover Data Note/Bond Allotment + Dealer Positions Non-Comm. ... NEUTRAL 7/8/26 Proprietary Information - Please Do Not Redistribute. 13 BOND MARKET VOLATILITY: MOVE INDEX & BOND ETF ATM IMPLIED VOLATILITY Broad bond volatility has declined as fears faded and volatility on major ETFs remains moderate ex emerging markets. We'll keep this as long provided ...

... Deviation Bands Ongoing downtrends, but curious if yesterday's +2 sigma alerts can kick these charts back in gear. ✓ ✓ CYBER SECURITY NAMES CONTINUE TO WORK Proprietary Information - Please Do Not Redistribute. 23 7/7/2026 Cybersecurity ETF: HACK 50 & 200-Day MA HACK Relative to S&P 500 Positive / Negative Trend Signals Overbought / Oversold + ALERT FROM PCAR YESTERDAY IN THIS POTENTIAL BIG BASE Proprietary Information - Please Do Not Redistribute. 24 7/7/2026 Paccar: ...

Do Not Redistribute. See Appendix for Important Disclosures. ETF Research Tuesday, July 7, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com LEVERAGED ETF CHARTBOOK: $200 BN AUM, 700 FUNDS In our recent travels, every meeting has been centered around one topic: the growth of leveraged ETFs. Given this plus the number of requests we've received on the topic recently, we thought sharing various stats and charts about this area of the ETF industry would be helpful. ...

Dispersion within large cap tech remained significant, with a rebound in the Mag7 cohort on one end, the MAGS ETF rose ... The VIX declined to 16.15 heading into the long weekend, down from 18.41 the prior week. 2Q26 Return ETF Description Jun ... and forced deleveraging, especially as leveraged ETFs continue to amplify market moves, particularly in tech and semis. ... remaining cautious on semiconductor volatility, which is being amplified by the daily rebalancing of leveraged ETFs. ...