... NOTED CHANGE... 7011 JP W/ NEGATIVE REL. TREND CHANGE Strategas Technical & Macro Research 20 5/29/2026 Mitsubishi Heavy Industries: 7011 JP 50 & 200-Day MA 7011 JP Relative to S&P 500 Positive / Negative Trend Signals Oversold and should bounce, but note the negative relative trend change for the first time in about 3 years. MEANWHILE, STRONG DAY FROM ARGENTINA Strategas Technical & Macro Research 21 5/29/2026 Argentina ETF: ARGT 50 & 200-Day MA Daily % Change with +/- 2 ...

... If there is one thing investors might want to put on their radar, it's the fact that growth has been so strong that companies will be facing tough comps next year. Sentiment Benchmark indices are at a new high, yet our sentiment inputs are more noisy than extreme today. Options related data is the most complacent, yet investor surveys are mixed, and total equity ETF flows are at lukewarm levels, a reversal from months prior - with Tech being a notable exception. Technical ...

292-7910 rgrabinski@strategasrp.com ETF Launches The IPOs Of The Late 1990s 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 ...

... not be willing to acquiesce to such contract provisions. 60 100 140 180 220 '22 '23 '24 '25 '26 SOXX Semiconductor ETF rel S&P 500 (Indexed to 100 on 1/1/2022) 5/28/2026 www.strategasrp.com Proprietary Information - Please Do Not ... In addition, the US already tariffs polysilicon and solar wafer imports from China under Section 301 at a 50% rate (rate doubled from 25% as of January 1, 2025). 20 60 100 140 180 '22 '23 '24 '25 '26 TAN Solar ETF rel S&P 500 (Indexed to ...

Staples Discretionary Communications Materials Energy Real Estate Industrials Tech Sector ETF Flows ($MM) YTD Since Mar. '26 Low Strategas ETF Research See Appendix for Important Disclosures ETF Research Thursday, May 28, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com How much worse for Discretionary? Take a 6-month tally of equal-weight sector performance compared to their 20-year history and Consumer Discretionary ranks in its bottom decile. ...

... Proprietary Information - Please Do Not Redistribute 16 5/28/2026 3D Printing ETF: PRNT 50 & 200-Day MA PRNT Relative to S&P 500 Positive / Negative Trend ... ALSO VULNERABLE Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 18 5/28/2026 China Large-Cap ETF: FXI 50 & 200-Day MA ... MEANWHILE, STRONG DAY FROM ARGENTINA Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 20 5/28/2026 Argentina ETF: ARGT ...

... We are not sure who coined this term, but it has caught on as an economic descriptor in corporate earnings calls in 2026. 15 The key difference is that shape is not as inherently 15 What's an 'E-shaped' economy - and where do you fit in it? | Morningstar Please Do Not Redistribute unstable as the sloped "K." The symbol matters for the conclusion. Ʞ-shaped Stock Market Another narrative relates to the concentration in the stock market. As Strategas' ETF Strategist Todd Sohn ...

The U.S. 10-year yield eased to 4.56% (from 4.59%), while WTI July futures fell - 4.38%. ETF Description May 8, 2026 May 15, 2026 May 22, 2026 SPY S&P 500 2.35% ... +2.49%, both significantly outperforming. In contrast, the Mag7 lagged, with the MAGS ETF down -0.69%. Nvidia was the notable underperformer, falling -4.43%. ... For upside participation, we continue to like June call spreads in more concentrated sector ETFs such as SMH and IGV. USO short-term put spreads (potentially ...

See Appendix for Important Disclosures ETF Research Tuesday, May 26, 2026 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com A.I. ETFs GOING EXTREME Here's what you need to know from the ETF universe this week: 1) We're sensing a theme... while flows and volumes can reveal real-time investor behavior, new ETF filings are another reflection. Last week saw a slew of issuers looking to release new products focused on A.I. and Semiconductors to ...

.../2026 4/6/2026 4/13/2026 4/20/2026 4/27/2026 5/4/2026 5/11/2026 Cumulative Sector ETF Flows Since March 30th S&P 500 Low $MM Tech Materials Industrials Energy Real Estate Comm Discretionary Utilities Staples Healthcare Financials THIS IS SOME CHART... Strategas ETF Research 9 5/22/2026 Tech Cumulative sector flows ex. ... & Macro Research 11 5/22/2026 Excessive Optimism Excessive Pessimism Equity ETF Flows S&P Futures Positioning 10-Day Put/Call Ratio VIX Curve I.I. Bull / Bear ...