ETFs & Markets with Todd Sohn: A Look at “The Bench” for Equity Markets

02/15/2024

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Strategas Asset Management ETF Strategist Todd Sohn provides three essential charts to gauge U.S. equity market health, key stats on how to approach China ETFs, and where you should seek international exposure instead.

Definitions:

The S&P 500 is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States.

The Nikkei Stock Index 300 is a market value-weighted index to represent overall Japanese market with smaller number of stocks.The iShares Russell 2000 ETF (“IWM”) seeks to track the investment results of an index composed of small-capitalization U.S. equities.

The Invesco S&P 500 Equal Weight ETF (“RSP”) seeks to track the investment results (before fees and expenses) of the S&P 500 Equal Weight Index (the "underlying index").

The Vanguard Extended Market ETF (“VXF”) seeks to track the S&P Completion Index that measures the investment return of small- and mid-capitalization stocks.

The EAFE Index (“EAFE”) is a stock index offered by Morgan Stanley Capital International (MSCI). It covers non-U.S. and non-Canadian equity markets.

The iShares MSCI Japan ETF seeks to track the investment results of the MSCI Japan Index. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index.

The WisdomTree Japan Hedged Equity ETF seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index.

This communication was prepared by Strategas Asset Management, LLC ("we" or "us" or “our”). This communication represents our views as of 2/12/2024, which are subject to change, and are presented for illustrative purposes only. The information contained herein has been obtained from sources we believe to be reliable, but no guarantee of accuracy can be made. This communication is provided for informational purposes only and should not be construed as an offer, recommendation, nor solicitation to buy or sell any specific security, strategy, or investment product. This communication does not constitute, nor should it be regarded as, investment research or a research report or securities recommendation and it does not provide information reasonably sufficient upon which to base an investment decision. This is not a complete analysis of every material fact regarding any company, industry, or security. Additional analysis would be required to make an investment decision. This communication is not based on the investment objectives, strategies, goals, financial circumstances, needs or risk tolerance of any particular client and is not presented as suitable to any other particular client. Past performance does not guarantee future results. All investments carry some level of risk, including loss of principal.

Strategas Asset Management, LLC is an SEC Registered Investment Adviser affiliated with Strategas Securities, LLC, a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser. Both Strategas Asset Management, LLC and Strategas Securities, LLC are affiliated with Robert W. Baird & Co. Incorporated ("Baird"), a broker-dealer and FINRA member firm, and an SEC Registered Investment Adviser, although the firms conduct separate and distinct businesses.