ETFs & Markets with Todd Sohn: Does Anyone Even Want to Own Energy Anymore?

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.  
• 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.   
• Sector ETFs focus on groups of companies that are pursuing the same type of business, like energy, health care, utilities, or technology, for example.
•  “Weighted” is a description of adjustments to a figure to reflect different proportions or "weights" of components that make up that figure.
• 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.
• Energy Select Sector SPDR Fund (XLE), commonly known as the Energy Sector XLE, is a US Energy sector index with a strong emphasis on the Oil industry.
• The MSCI EAFE Index is a stock market index that measures the performance of large- and mid-cap companies across 21 developed.
• The Euro Stoxx 600 is a broad index of 600 companies representing the European stock market, providing investors with a comprehensive view of the region's largest, mid-cap, and smaller companies.
• Cyclicality refers to how closely correlated a company's share price is to the fluctuations of the economy.

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.  This communication represents our views as of 10/08/2024, which are subject to change, and 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 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.