MWM_Shulman_8_15_23

o If we had more retirees this could drop appreciably more o Unemployment will likely stay low due to seniors leaving workforce (eventually)

• ETF Fund Flows in US Market

During the past week, US market is showing stronger interest in US Equities.

Category

1Y Fund Flow

YTD Fund Flow

1W Fund Flow

Non-US Equity ETF

110.02B

72.93B

1.04B

US Equity ETF

397.47B

202.97B

3.30B

All Equity ETF

507.49B

275.90B

4.34 B

*Fund flows through 08/14/2023

• Selected Entrepreneurial Companies w/Strong Performance Since May 03 (FOMC Announcement)

Ticker

Name

Country

Sector

Market Cap

Return(%)

$7,335.63 $1,631.21 $3,051.09 $2,763.38 $2,228.08 $8,928.35 $13,727.39 $1,249.89 $5,122.75 $1,228.31 $1,158.41 $33,557.72 $13,552.27 $3,864.42 $5,411.15 $3,299.76

474.82 214.08 178.93 170.27 151.87 149.54 141.88 131.48 115.97 114.97 111.05 106.35

CVNA US ACHR US IONQ US UPST US OPEN US

Carvana Co

UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES UNITED STATES

Consumer Discretionary

Archer Aviation Inc

Industrials

IonQ Inc

Information Technology

Upstart Holdings Inc

Financials Real Estate

Opendoor Technologies Inc

W US

Wayfair Inc

Consumer Discretionary Information Technology Information Technology

APP US EVLV US BBIO US AMRX US CUBI US PLTR US SMCI US

AppLovin Corp

Evolv Technologies Holdings In

Bridgebio Pharma Inc

Health Care Health Care

Amneal Pharmaceuticals Inc Customers Bancorp Inc Palantir Technologies Inc Super Micro Computer Inc

Financials

Information Technology Information Technology Information Technology

97.25 91.95 90.12 78.79

AI US

C3.ai Inc

JOBY US VICR US

Joby Aviation Inc

Industrials Industrials

Vicor Corp

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