... Profit margins also remain robust with operating margins making new highs. If there's one thing investors might want to put on their radar, it's that such strong growth means companies will be facing tough comps next year. Sentiment Levered ETF AUM has eased - albeit painfully - while other sentiment measures (investor surveys, options market) remain restrained. Tech sector flows are still a threat, but that's not enough to move overall sentiment to a liability. Technical ...

We've also written on our desk about how the rally from the March 30 th lows has been marked by pronounced volatility dispersion across market constituents while index volatility remains paltry. Some of these dynamics are driven by the growth of ETF product popularity (both vol enhancing and vol dampening products). Our Chief ETF strategist Todd Sohn has been highlighting extreme ETF flows, particularly in the levered space, for months. Of course, it's hard to time when ...

ETF (DRAM) Inception to Peak Flows Flows Since Peak Inception to Peak Return Return Since Peak Prepared by Baird Strategas LLC, FINRA member. Proprietary Information - Please Do Not Redistribute. See Appendix for Important Disclosures. ETF Research Thursday, July 30, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com MEMORY ETFs JOINING A NOT SO ILLUSTRIOUS GROUP A few tidbits we think you should know from the ETF universe: 1) Believe it or not, DRAM is already burning ...

Proprietary Information - Please Do Not Redistribute. See Appendix for Important Disclosures. ETF Research Tuesday, July 28, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com HOT TECH SUMMER: ETFs BUYING DIP Hot Tech Summer. The Nasdaq 100 peaked almost 2-months, Semis are in a 20-30% drawdown, and levered ETF notional values have declined $100 Bn, yet flows to Tech-related exposures persist. Since the 6/2 QQQ closing high, Tech sector ETFs have seen >$20 Bn inflows ...

Equities finished lower last week, with the S&P 500 down -0.61% and the Nasdaq 100 down - 1.62%, as Mag7 had one of its roughest weeks of the year. The MAGS ETF fell -5.62%, led by Alphabet (GOOG/L), which dropped -7.13% after reporting ... Other non-tech sectors, including Utilities, Materials, Industrials, and Health Care, also finished positive. The VIX Index closed roughly flat at 18.58, versus 18.77 the previous week. ETF Description Jul 10, 2026 Jul 17, 2026 Jul 24, 2026 ...

... BUYER OF PULLBACK Proprietary Information - Please Do Not Redistribute. 10 7/24/2026 Regional Bank ETF: KRE 50 & 200-Day MA KRE Relative to S&P 500 Positive / Negative Trend Signals Overbought / Oversold No meaningful technical damage here. ... IS SINGAPORE THE ANTI-MIDDLE EAST CHART? Proprietary Information - Please Do Not Redistribute. 29 7/24/2026 Singapore ETF: EWS 50 & 200-Day MA Overbought / Oversold Positive ↑ / Negative ↓ Trend Signals ✓ Singapore has broken out as ...

... IS SINGAPORE THE ANTI-MIDDLE EAST CHART? Proprietary Information - Please Do Not Redistribute. 13 7/23/2026 Singapore ETF: EWS 50 & 200-Day MA Overbought / Oversold Positive ↑ / Negative ↓ Trend Signals ✓ Singapore has broken out as many of the Middle Eastern markets break down... Capital moving? Interesting... AFTER -20% CORRECTION, BRAZIL ATTEMPTING TO GET BACK IN GEAR Proprietary Information - Please Do Not Redistribute. 14 7/23/2026 Brazil ETF: EWZ 50 & 200-Day MA ...

$2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 Average Daily Equity ETF Flows $MM Prepared by Baird Strategas LLC, FINRA member. Proprietary Information - Please Do Not Redistribute. See Appendix for Important Disclosures. ETF Research Tuesday, July 21, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com TIDAL WAVE OF THEMATIC ETFs COMING Equity ETFs Approaching $800 Bn YTD. Equity ETFs continue to blow away any form of historical comps, running at a ...

The Russell 2000 fell -0.52%, while the S&P 500 Equal Weight Index also finished the week down -0.52%, after reaching an all-time high on Thursday. Energy was the standout performer, gaining 4.72% for the week as WTI crude oil surged 15.5% amid renewed escalation in the conflict with Iran. The VIX Index closed the week notably higher at 18.77, up from 15.03 the previous week. ETF Description Jun 26, 2026 Jul 2, 2026 Jul 10, 2026 Jul 17, 2026 SPY S&P 500 -2.38% 2.17% 1.37% ...

... GOLD Proprietary Information - Please Do Not Redistribute. 15 7/20/2026 Copper Relative to Gold 50 & 200-Day MA % Price Above/Below 200-Day MA Positive ↑ / Negative ↓ Trend Signals 21% URA NEAR-TERM OVERSOLD, BUT IN A WEAK TREND Proprietary Information - Please Do Not Redistribute. 16 7/20/2026 Uranium ETF: URA 50 & 200-Day MA Overbought / Oversold Positive ↑ / Negative ↓ Trend Signals HEALTHCARE REITS REITS REMAIN STRONG Proprietary Information - Please Do Not ...