... NO APPETITE FOR FINS Strategas Technical & Macro Research 36 6/9/2026 Financials Sector ETF Flows Rolling 65-Day Sum, $ Bn   +2 Standard ... ETF Flows Rolling 65-Day Sum, $ Bn  +2 Standard Deviations -2 Standard Deviations -30% -20% -10% 0% 10% 20% 30% 40% -$10,000 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Annual Russell 2000 ETF Price Performance Annual ETF Flows ...

Financials Staples Utilities Industrials Energy Materials Tech Relative Performance Percentile S&P 500 Equal-Weight Sector Relative Performance Rolling 6-Month % Change, Last 20-Years Strategas ETF Research See Appendix for Important Disclosures ETF Research Tuesday, June 9, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com ETFs are a $15 trillion industry accounting for upwards of 30-40% of exchange volume with options usage even higher. ...

The VIX and VXN indices both finished the week higher at 21.51 (from 15.32) and 30.47 (from 22.58), respectively. ETF ... in options and leveraged ETF positioning, namely Tech and especially semiconductors. The heavy selloff was amplified by volatility-sensitive systematic flows that tend to sell into declines (short-gamma behavior): Leveraged ETFs sold about $54Bn worth of exposure on end of day rebalancing, the largest rebalancing selling flow ever for leveraged ETFs. ...

... Pessimism 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 Uncertainty Median Percentile Strategas Sentiment Dashboard Current Reading vs. ... JPM, WFC), but the group still shows strongly in our Industry Matrix. CAN KRE BREAK OUT? Strategas Technical & Macro Research 21 6/5/2026 KRE Regional Banking ETF 50 & 200-Day MA KRE Relative to S&P 500 Positive / Negative Trend Signals ...

Net Shorts & SOFR-FFR Spread MOVE Index & Bond ETF Volatility Options on Tsy Futures OI Tsy Net Issuance & RRF Operations Note/Bond Allotment + Dealer Positions Commercial Bank Deposits & FHLB ... SHORT 6/4/26 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, ...

PUSHING ON A STRING DOMESTICALLY Reuters Bloomberg Proprietary Information - Please Do Not Redistribute CHINA BUSINESS, CONSUMER & GOVERNMENT ALL INDEBTED Bloomberg Proprietary Information - Please Do Not Redistribute "BUY AND HOLD" INVESTING HAS BEEN TOUGH WITH CHINA EQUITIES As Strategas' ETF Strategist Todd Sohn has pointed out, holding the China market has yielded a very limited return over the past 30+ years. Investments also come with substantially higher volatility. ...

... 7 6/3/2026 Gold 50 & 200-Day MA Daily MACD $4630 $4412 Wedged between the 50 & 200-day... Very interested in which way this resolves itself over coming days. SIMILAR FOR THE KRE... Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 8 6/3/2026 Regional Bank ETF: KRE 50 & 200-Day MA Daily MACD KRE has been wedged into this narrow range... > $71.44 would signal resumption higher. $71.44 YESTERDAY'S RELATIVE LOWS IN FINANCIALS... ...

... ETF Launches The IPOs Of The Late 1990s As I wrote last week, my colleague Todd Sohn shares with me daily updates on some of the latest ETF launches, and increasingly it feels as though everyone is launching a new product. Looking at IPO data alone, it's difficult to definitively say markets are frothy. However, the more relevant signal today may be the sharp increase in ETF launches. In 2025 alone, more than 1,000 ETFs were launched, and this year is on pace to see a ...

Weights During Positive Performance Years Source: Strategas, Bloomberg, 5/31/26 Strategas ETF Research See Appendix for Important Disclosures ETF Research Tuesday, June 2, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com Each month we run the 10 largest ... Through May, we're on that path again, but what stood out was names like AMD and SNDK are contributing outsized share despite not being in this cohort. Expanding on this and the ETF universe ...

WTI finished the month down significantly on increasing odds of a resolution to the Iran conflict, with USO ending the month down -12.24%. SMH finished the month up +18.2% and IGV up +21.15% (That's right, IGV outperformed SMH in May!). Monthly Ret ETF Description May 8, 2026 May 15, 2026 May 22, 2026 May 29, 2026 May, 2026 SPY S&P 500 2.35% 0.21% 0.88% 1.45% 5.26% XLK Technology 8.43% 0.42% 2.34% 5.89% 19.76% XLY Cons. Disc. 1.32% -3.05% 2.27% 1.42% 2.13% XLC Com. Serv. ...