Semiconductors S&P 500 Industry Group % Weight Change Since 2/27/2026 Strategas ETF Research See Appendix for Important Disclosures ETF Research Tuesday, May 12, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com LIST OF ETFs TO HEDGE HIGH BETA Below is a list of stats that stand out to us today: * Semis are now 18.4% of the S&P 500. They were 14.2% at the start of 2026. The Tech sector is over 37%. * NVDA is larger than the Healthcare sector. ...

The Nasdaq 100 gained +5.50%, the small-cap Russell 2000 rose +1.72%, and the S&P 500 equal-weight index lagged once again, finishing only +0.64%. The VIX closed the week roughly unchanged at 17.19 versus 16.99 the prior week. ETF ... NVDA also advanced +8.44% on the week and is now +15.39% YTD. Other mega-cap tech names posted solid gains as well, lifting the Mag7 ETF (MAGS) by +4.11%. Software was another bright spot: IGV rose +5.22% as several names delivered outsized ...

Right now, it would be hard to claim that we are at a top. 2000 2007 Current Comments 1. Blow-off top ✓ ✓ X While there are pockets of the market like semiconductors that are stretched, the market is within a reasonable level above its 200-day moving average. 2. Heavy inflows into equity market funds ✓ ✓ X Flows into Equity ETFs reflect not only broad optimism but also a structural transition away from mutual funds. Trailing 12-month inflows are currently in the 69 th ...

... Positive ↑ / Negative ↓ Trend Signals MARKET CONTINUES TO VALIDATE OUR BULLISH AUSSIE DOLLAR CALL Strategas Technical & Macro Research 24 5/8/2026 AUDUSD 50 & 200-Day MA Overbought / Oversold Positive ↑ / Negative ↓ Trend Signals ✓ A$ confirming the strength among the Industrial metals with fresh highs of its own. URANIUM STOCKS LOOK READY TO GO AGAIN Strategas Technical & Macro Research 25 5/8/2026 Global X Uranium ETF: URA 50 & 200-Day MA URA Relative to S&P 500 ...

Lev Funds Net Positions Shorter Duration Futures OI 1M Tsy Futures OI Skews MOVE Index & Bond ETF Volatility Longer Duration Futures OI Tsy Net Issuance & RRF Operations Note/Bond Allotment + ... NEUTRAL 5/7/26 Please see the Appendix for important disclosures. BOND MARKET VOLATILITY: MOVE INDEX & BOND ETF ATM IMPLIED VOLATILITY Broad bond volatility has come in a bit and volatility on major ETFs remains around the midpoint of recent years. We're keeping this as long for now, ...

$0 $5,000 $10,000 $15,000 $20,000 Healthcare Staples Utilities Real Estate Discretionary Financials Materials Communications Energy Industrials Tech Sector ETF Flows ($MM) YTD Since Mar. '26 Low Strategas ETF Research See Appendix for Important Disclosures ETF Research Thursday, May 7, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com ENERGY ETF FOCUS... NOW WHAT? Be sure to look for Ryan Grabinski's Daily Macro Brief highlights on the Energy ...

... ROAD & RAIL BACK TO THE HIGHS Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 6 5/7/2026 S&P 1500 Road & Rail Industry 50 & 200-Day MA Road & Rail Relative to S&P 500 Positive / Negative Trend Signals ✓ Can they re-emerge as leaders? URANIUM STOCKS LOOK READY TO GO AGAIN Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 7 5/7/2026 Global X Uranium ETF: URA 50 & 200-Day MA URA Relative to S&P ...

S&P 500 Contribution of 10 Largest Weights During Positive Performance Years Source: Strategas, Bloomberg, 4/30/26 Strategas ETF Research See Appendix for Important Disclosures ETF Research Tuesday, May 5, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com EVERYONE WANTS A PIECE OF SPACEX Here's what you should know from the ETF universe as May commences: 1) Near record intake for ETFs in April... March was restraint, April was re- engaging. ...

The S&P 500 has continued to catch up and now sits just 20 bps below the equal-weighted S&P 500 index year to date. ETF ... The MAGS ETF finished the week up a modest +0.45%. A key takeaway was that AI-related capex from hyperscalers continues ... high, while WTI moved back above $100. Notably, USO implied volatility was flat on the week even as the ETF rose +7.8%. ... of software names are also on deck (PLTR, APP, MSTR, FTNT, DDOG, and EA), and the IGV ETF could see elevated volatility. ...

... engineering, equipment, semis, metals, etc.)            FLOWS ONE RISK FOR INDUSTRIALS Strategas Technical & Macro Research 23 4/30/2026 Equal-Weight Industrials Sector ETF (RSPN) Relative Equal-Weight S&P 500 (RSP) 200-Day Average Industrials Sector ETF Flows Rolling 65-Day Sum, $ Bn +2 Standard Deviations -2 Standard Deviations Industrials still have a highly ranked leadership profile, but flows are a risk we'd consider as 2Q progresses. ...