... Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Cumulative Sector ETF Flows Since Sept. '24 Rate Cut $MM Tech Financials Industrials Utilities Comm. ... BIG FLOWS HERE... 35 11/14/2025 Bloomberg AI Index 200-Day Average Cumulative Flows to A.I. + Power Themed ETFs Since ChatGPT Launch (11/30/22) $ Bn This is a small amount in the big world of ETFs but is a decent reflection of the thirst for A.I. + Power related exposures. Strategas Technical & Macro Research Equity ETF Flows S&P Futures ...

Nov. 13, 2025 Call Options Activity is Back in GLD After a two-week correction in the precious metal, accompanied by a notable drop in volatility, gold appears to have regained upward momentum, with gold volatility also rebounding in line with its typical spot-up/vol-up regime. As volatility declined, opportunistic call buyers who had briefly stepped away returned to GLD. Yesterday marked the third-highest call volume ever in the gold ETF, with 1.27 million calls traded. ...

... BLBD Blue Bird Corporation 31.37% 33.76% OSK Oshkosh Corp 30.98% 35.32% GVA Granite Construction Incorporated 16.86% 24.21% SP50 S&P 500 16.41% 20.97% AAPL Apple Inc. 9.92% 38.64% MUB iShares National Muni Bond ETF 0.93% 3.13% HYD VanEck High Yield Muni ETF -1.79% 1.90% AWR American States Water Company -2.39% -5.46% AGO Assured Guaranty Ltd. -2.50% 0.41% AXON Axon Enterprise Inc -3.73% -16.42% MSI Motorola Solutions, Inc. -15.20% -3.58% TYL Tyler Technologies, Inc. ...

As Todd Sohn has noted in our weekly ETF & Flow research, the persistent outflows from Energy (and Healthcare for that matter) suggest the bar of ... Energy Sector ETF: RSPG RSPG Relative RSP Cumulative Energy Sector ETF Flows ($MM) During Inflation Spike vs. Post-Inflation Spike CPI Rises from 0.1% to 9.1% Energy Inflows Surge CPI Peaks Cyclicality Takes Hold, Market Moves on From Energy Strategas Technical & Macro Research From Todd Sohn's ETF & Flow work... it's ...

Annual S&P 500 Contribution of 10 Largest Weights During Positive Performance Years Source: Strategas, Bloomberg, 10/31/25 Strategas ETF Research See Appendix for Important Disclosures ETF Research Tuesday, November 11, 2025 Strategas ETF Research Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com FLOWS + LEVERAGE HEATING UP Government shutdown or no shutdown, the ETF universe never sleeps - here's 3 items you should be aware of this week: 1) Equity flows are heating up. ...

Nov. 11, 2025 Strategas Securities, LLC Ryan Grabinski (646) 292-7910 rgrabinski@strategasrp.com Jon Byrne (212) 897-6386 jbyrne@strategasrp.com Not Even "AI" Can Beat The Market...Yet About 18 months ago, my colleague Todd Sohn pointed out that the ticker AIEQ is an AI Powered Equity ETF that utilizes IBM's Watson platform for security selection. Since early 2023, when the "AI craze" really began gaining momentum, the ETF has lagged the market by roughly 20%. The good news ...

... But with the government funding Food Stamps through the remainder of the year, more visibility on the economic data, and $150bn of new consumer aid coming, follow through is likely coming. 90 92 94 96 98 100 102 104 106 5% 10% 15% 20% 25% 5/31 6/20 7/10 7/30 8/19 9/8 9/28 10/18 11/7 Betting Odds that Tariff Revenue is Refunded & XRT Retail ETF rel S&P 500 (Polymarket) XRT Retail ETF rel S&P 500 (Right) Odds that Tariffs are Refunded (Left) 88 90 92 94 96 98 100 102 5% 10% 15% ...

... Reluctant to get too bearish so long as that's the case. CAN THE KRE HOLD THE LINE? Strategas Technical & Macro Research Proprietary Information - Please Do Not Redistribute 14 11/10/2025 S&P Regional Banking ETF: KRE 50 & 200-Day MA KRE Relative to S&P 500 Positive / Negative Trend Signals $57.55 Don't want to see KRE trade to a fresh 3m low... important this stay above the $57 level. IMPORTANT MOMENT FOR BLK TOO... OVERSOLD IN AN UPTREND Strategas Technical & Macro Research ...

Long Neutral Short Asset Manager/ Lev Funds Net Positions FFR Futures Vol + OI Tsy Net Issuance & RRF Operations MOVE Index & Bond ETF Volatility Shorter Duration Futures OI Tsy Auction ... LONG 11/7/25 Please see the Appendix for important disclosures. BOND MARKET VOLATILITY: MOVE INDEX & BOND ETF ATM IMPLIED VOLATILITY Yield volatility has touched new lows, and most measures of bond market ETF volatility are tame. With both broad market and fund-specific volatility tame, ...

... Nobody wants REITs, even with Fed cuts back on-though 10-year yields haven't budged since the September '25 cut. Equity ETF Flows S&P Futures Positioning 10-Day Put/Call ... RARE +$100 BN MONTHLY INFLOW FOR EQUITIES 27 11/7/2025 S&P 500 Monthly Monthly Equity ETF Flows $ Bn 1yr Avg ✓ ✓ ✓ ✓ Part continued ETF adoption, as well as enthusiasm for the equity rally. Just the 4 th time equity ETFs have done over $100 Bn in a calendar month. Strategas Technical & Macro Research ...