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Reciprocal Escalation Now Hitting Infrastructure:
Jul 17, 2026 ... Still, if oil is going higher from Iran, the Fed hawks will continue to push for more rate increases. 7/17/26 Proprietary Information - Please Do Not Redistribute. 3 DATA CENTER TRADE CONTINUES TO GET SMOKED FROM STATE & LOCAL POLICY ACTIONS 90 100 110 120 130 140 150 160 Jan '25 Mar '25 May '25 Jul '25 Sep '25 Nov '25 Jan '26 Mar '26 May '26 Jul '26 Global X Data Center & Digital Infrastructure ETF Rel S&P 500 New York Becomes First U.S. State To Impose AI Data Center Ban ...
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Video Slides:
Jul 17, 2026 ... Proprietary Information - Please Do Not Redistribute. 9 7/16/2026 iShares Semis ETF: SOXX 50 & 200-Day MA Overbought / Oversold $522 Consolidation / correction continues here, but not infecting other corners of the market. ...AAPL LEADS... ... KRE BREAKING OUT, REGIONALS REMAIN STRONG Proprietary Information - Please Do Not Redistribute. 13 7/17/2026 Regional Bank ETF: KRE 50 & 200-Day MA KRE Relative to S&P 500 Positive / Negative Trend Signals ✓ KRE... rotational winner. > ...
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Dog Days:
Jul 16, 2026 but earnings are coming * Financials making new highs without exuberant ETF flows * XLF trade idea The S&P is up 1.08% on the month shooting for the 12 th straight positive return in July in the last 12 years. ... USO has continued higher since, but volatility, which popped, seems to be rolling over as the overall market seems much more resilient to escalation headlines. Our chief ETF strategist Todd Sohn pointed out the simmering energy ETF flows last week. This week he points ...
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Why No Love For Financials?:
Jul 16, 2026
ETF Flows ($MM) YTD '26 Trailing 3-Months Prepared by Baird Strategas LLC, FINRA member. Proprietary Information - Please Do Not Redistribute. See Appendix for Important Disclosures. ETF Research Thursday, July 16, 2026 Todd Sohn, CMT (646) 292-7958 tsohn@bairdstrategas.com WHY NO LOVE FOR FINANCIALS? In our ETF work we view flows - especially for tactical sector bets - as a temperature barometer of investor enthusiasm. Within Financials, various sector ETFs (broad-based, ...
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Some Advice For The Wall Street Interns & The Revenge Of The Funders:
Jul 15, 2026 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 ...
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Memory Mania: Semis Are Today's ARKK:
Jul 14, 2026
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 ...
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S&P 500 Remains Calm Into An Eventful Week:
Jul 13, 2026 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% ...
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Video Slides:
Jul 10, 2026 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 ...
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Summer Tourbillon:
Jul 9, 2026 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 * ...
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