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Todd Sohn

ETF Strategist

Patrick Rista

Advisory Sales

(646) 292-7984

prista@strategasasset.com

The Market Anxiety Barometer

01/30/2025

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This week, Strategas’ ETF expert Todd Sohn updates his "market anxiety meter" and provides two areas investors might consider as diversifiers to the Tech heavy U.S. markets.

Defintions:

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.  
An exchange-traded fund (ETF) is a pooled investment security that can be bought and sold like an individual stock.  
Fund flows represent the cash that goes into or out of companies, financial assets, sectors, or other market categories.   
The SPDR S&P 500 ETF Trust (SPY) is an exchange-traded fund that seeks to track the performance of the S&P 500 index, which is a basket of the largest publicly traded companies in the U.S. SPY is the oldest ETF listed on a U.S. exchange and is one of the most popular ETFs in the world.
Cumulative asset flow is the total cash flow over a specific period of time, and it provides a view of a company's financial performance. It's calculated by adding the current period's net cash flow to the previous cumulative cash flow.
An inverse exchange-traded fund (ETF) is a financial instrument that provides returns that are the opposite of the returns of an underlying index or asset. Inverse ETFs can be used to profit from or hedge against market declines.
“Weighted” is a description of adjustments to a figure to reflect different proportions or "weights" of components that make up that figure.
Z-score is a statistical measurement that describes a value's relationship to the mean of a group of values. Z-score is measured in terms of standard deviations from the mean. In investing and trading, Z-scores are measures of an instrument's variability and can be used by traders to help determine volatility.
Sector ETFs focus on groups of companies that are pursuing the same type of business, like energy, health care, utilities, or technology, for example.
IEV, or iShares Europe ETF, is an exchange-traded fund (ETF) that tracks the performance of the S&P Europe 350 index. The S&P Europe 350 index is made up of the securities of leading companies in Europe.
The S&P Europe 350® consists of 350 leading blue-chip companies drawn from 16 developed European markets.
IVV, or iShares Core S&P 500 ETF, is an exchange-traded fund (ETF) that tracks the performance of the S&P 500.

This communication was prepared by Strategas (“we,” “us,” or “our”), a brand that offers investment advisory services through Strategas Asset Management, LLC, an SEC Registered Investment Adviser, and provides research to institutional investors through Strategas Securities, LLC, a broker-dealer and FINRA member firm and an SEC Registered Investment Adviser. Information regarding market or economic trends, or the factors influencing historical or future performance, reflects the opinions of management as of the date of this communication, and are subject to change. 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. The information contained herein has been obtained from sources we believe to be reliable, but no guarantee of accuracy can be made. 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 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.

The ETFs described herein are referenced solely for illustrative purposes and should not be construed as an investment recommendation. An investment in exchange traded funds involves risk, including the possible loss of principal. For important disclosures and risks relating to each ETF referenced herein, see each respective funds’ prospectus or contact your financial professional.

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