Buy these ETFs for the AI bull market! | Todd Sohn
Full Signal
Phil Rosen
4.8 • 18 Ratings
🗓️ 12 May 2026
⏱️ 34 minutes
🧾️ Download transcript
Summary
Todd Sohn is the chief ETF strategist at Strategas. He joins Phil Rosen on Full Signal to discuss the boom in semiconductor stocks, falling defensive sectors, the ETFs he likes best right now, how to hedge the froth of the AI trade, and the most important charts in markets today.
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Timestamps:
0:00 - Intro
0:20 - Record ETF Inflows
2:36 - Crashing defensive sectors
5:01 - Energy vs. Tech beta
9:14 - Industrials & infrastructure
12:36 - Semiconductor ETFs
16:17 - Levered Single-Stock ETFs
20:50 - DRAM to $5 Billion
23:33 - SpaceX and Space ETFs
27:53 - Hedge beta, buy Japan
31:43 - Turning cautious
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Transcript
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| 0:00.0 | I'm sitting down with Todd Sown today. He's the chief ETF strategist at Stratigis, |
| 0:04.6 | and we get into his favorite opportunities in the market right now, |
| 0:08.0 | why he likes semiconductors, what's going on with the froth and the AI trade, |
| 0:12.2 | whether it compares to the internet bubble, and much more. I hope you enjoy this conversation. |
| 0:18.6 | Todd, we have this unbelievable chart I want to start with. On a broad index level, stocks are |
| 0:24.0 | absolutely ripping. And I think a lot of that we can trace to monthly ETF inflows. And we're at |
| 0:30.3 | a pretty close to record highs right now in April. What's going on here? So April for equity |
| 0:35.3 | ETFs had their second highest intake in their history. Now, |
| 0:40.0 | what's interesting about that is that's coming from what was a very lukewarm March. You remember |
| 0:44.1 | March was a month filled of volatility, geopolitical uncertainty. And so that brought down the temperature |
| 0:51.4 | of investor sentiment readings, whether it's surveys, |
| 0:54.2 | options, flows. |
| 0:56.6 | And as soon as the market bounced and has rallied since, right back into the pool. |
| 1:00.6 | So it speaks to A, how fast the market can move, right? |
| 1:04.5 | Trying to time things is really difficult. |
| 1:06.9 | And B, the popularity of ETFs, month after month, we are setting some sort of record in the world of ETFs, |
| 1:12.3 | whether it's flows, products, volumes. |
| 1:15.1 | I suspect this will continue. |
| 1:17.0 | But it's also partially because the market's doing so well, right? |
| 1:20.5 | Things are, as you said, rip into your highs. |
| 1:24.1 | As long as that remains the word, flows will remain elevated. |
| 1:28.3 | Do you think it's fair to look at a chart like this and point to, let's say, investors |
... |
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