Todd Sohn is chief ETF strategist at Strategas. He joins Phil Rosen to discuss the next leg of the bull market, undervalued sectors for stock investors, why energy and healthcare could outperform in 2026 and the metals rally.

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Timestamps:

0:00 - Intro

0:24 - Hidden Concentration in Popular ETFs

4:40 - ‘Metal Mania’: Silver/Gold ETF Frenzy

9:32 - Energy Is Needed, But Why Stocks Are Lagging

12:12 - Healthcare - What's Working (Pharma/Biotech) vs. What’s Not (Managed Care)

17:15 - Bitcoin & Crypto ETF Outflows

21:45 - Leverage ETFs: The Bull/Bear Ratio and Profit-Taking Flows

25:15 - Prediction Markets & Levered Singles

27:51 - Making Sense of Recent Sector Selloffs

29:38 - Where AI Hits Next (Healthcare, Insurance)

30:55 - Strategas' ETF Lineup Explained

34:00 - Thanks Todd For Joining

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