ETF IQ 7/20/2026

Summary

ETF IQ covers massive dip-buying flows into tech and semiconductors, a bullish case for U.S. stocks and small/mid caps, tokenization infrastructure developments, and the case for bonds over cash. Sam Huszczo argues the bull market has further to run and favors momentum, equal-weight, and small-cap ETFs. Jodi Love champions the T. Rowe Price small/mid-cap active ETF TMSL based on valuation discount and earnings inflection. Rebecca Venter advocates for bonds as a diversifier with attractive yields, especially for younger investors underweight fixed income.

• Eric Balchunas highlights record July inflows into tech ETFs ($20B) and heavy dip buying in semiconductors and South Korea.
• Sam Huszczo sees continued bull market driven by earnings growth, not excessive valuations.
• Sam Huszczo uses momentum and equal-weight ETFs as uncorrelated pair, both beating the market.
• Sam Huszczo notes small caps outperforming across all sectors, signaling a size rotation.
• Jodi Love presents TMSL as a discounted small/mid-cap play with improving earnings trajectory and active stock selection.
• Rebecca Venter makes the case for bonds: 5% yields, diversification, and opportunity cost of cash if Fed cuts rates.
• Nadine Chakar discusses DTCC's tokenized ETF pilot using Canton and Stellar blockchains, with broader adoption expected.
• The first U.S. leveraged single-stock ETF (LCID) liquidates after a 50% loss, underscoring risks in the space.