... CAD AS WELL Strategas Technical & Macro Research 15 3/6/2026 EURCAD 50 & 200-Day MA Overbought / Oversold Positive ↑ / Negative ↓ Trend Signals Equity ETF Flows S&P Futures ... th Percentile 58 th Percentile Strategas Technical & Macro Research MOST PRESSING RISK FOR INDUSTRIALS: SURGING INFLOWS 17 3/6/2026 Industrials Sector ETF Flows Rolling 65-Day Sum, $ Bn Massive surge of inflows to the Industrials, through broad sector ETFs, Defense ETFs, and Transport ETFs too. ...

Energy Utilities Real Estate Materials Tech Industrials Sector ETF Flows ($MM) Trailing 1-Year 10/29 Tech Peak Strategas ETF Research See Appendix for Important Disclosures ETF Research Thursday, March 5, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com TEMPERATURE TOWARDS INDUSTRIALS RISING With a headline index that continues to chop near highs, ETF investors are seemingly moving to the most diverse sector available: Industrials. ...

Curiously, "inverse" ETF volumes expanded sharply as the VIX moved into backwardation - signs of some changes to what ... SPIKE IN DOLLAR VOLUME FOR THE "INVERSE" ETFs YESTERDAY Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 4 3/4/2026 S&P 500 50 & 200-Day MA Inverse ETF Volume, $BN $15bn $16bn $27bn Not quite as extreme as in April '25 around Liberation Day, but notable spike in "inverse" ETF volume yesterday. This goes along with the ...

... Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 16 3/3/2026 Micron: MU 50 & 200-Day MA % Price Above/Below 200-Day MA 152% 124% 99 th Percentile Actually has not made a new high since Jan 30 th . CURIOUS IF IGV CAN HOLD LAST WEEK'S LOWS... Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 17 3/3/2026 iShares Software ETF: IGV 50 & 200-Day MA Overbought / Oversold $76.25 NOTE THE REVERSAL IN ...

-533.7% 0.5% Annual S&P 500 Contribution of 10 Largest Weights During Positive Performance Years Source: Strategas, Bloomberg, 2/27/26 Strategas ETF Research See Appendix for Important Disclosures ETF Research Tuesday, March 3, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com MARCH CHARTS & ETFs THAT RAISE AN EYEBROW Here's what we believe you should know from the ETF universe as March commences: Flows remain at a blistering pace... equity ...

... While we could see some chop in the near term, particularly in energy, perhaps on the back of hedge monetization, any relief may be short-lived as other areas of concern remain: stress in the financial sector, lingering credit risks, ongoing AI-related disruptions and weakness in semi-conductors (the SMH ETF was up +12.84% YTD as of Friday's close). This week, we have the job numbers on Friday, and with crude oil significantly higher, the bar for rate cuts might have moved ...

... SAME STORY FOR THE EQUAL-WEIGHT CONSUMER STAPLES Strategas Technical & Macro Research 29 2/27/2026 S&P C. Staples Sector - Equal Weight 50 & 200-Day MA C. Staples Relative to S&P 500 - Equal Weight Positive / Negative Trend Signals Overbought / Oversold The price charts are certainly better, but the relative is still a downtrend. Equity ETF Flows S&P Futures Positioning 10-Day Put/Call Ratio VIX Curve I.I. Bull / Bear Ratio Consensus % Bullish AAII Bull/Bear Ratio Policy ...

... JAPAN REMAINS VERY BROAD, ROUGHLY 80% OF TOPIX STILL > 200-DAY Strategas Technical & Macro Research 26 2/20/2026 Japan TOPIX 50 & 200-Day MA % of Stocks Above 200-Day MA 1663 Issues 79% 79% of the TOPIX and 87% of the Nikkei remain above their respective 200-day averages. BRAZIL CONTINUES TO TRADE GREAT, PULLBACKS SHOULD BE BOUGHT Strategas Technical & Macro Research 27 2/20/2026 Brazil ETF: EWZ 50 & 200-Day MA EWZ Relative to S&P 500 Positive / Negative Trend Signals BIG ...

... Each of these five themes are currently in Strategas Asset Management's Macro Thematic Opportunities ETF (SAMT). 2/20/26 ... turn for Healthcare, while Energy also emerges - ETF flows suggest the bar remains low for both sectors. * Tech ... While essentially flat as a group in January, the Mag 7 cohort is having a tougher February, with the MAGS ETF now down ... highs in both ETFs during sharp spot-up/vol-up rallies that took the metals to all-time highs earlier this year. ...

... A client, who sees a number of sports catalysts (Olympics, World Baseball Classic, World Cup etc...) asked us to run live sports with our Consumer Stimulus Index. For simplicity purposes, we ran the new Gabelli Live Sports ETF (GOLS), equal-weighted with the current constituents, and ran the portfolio back a few years. The current trend looks favorable. 80 90 100 110 120 130 84 89 94 99 104 109 Jan '23 Jul '23 Jan '24 Jul '24 Jan '25 Jul '25 Jan '26 Jul '26 Gabelli Sports ETF ...