Stocks / ETF
XLIETF
FollowFollowingUnfollowState Street Industrial Select Sector SPDR ETF
$169.711d +0.1%5d +1.6%settled close · 2026-11-02
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Mkt cap $29B (11/2)β 0.8452w $165–187Shares 172.4MNYSE Arca since 1998
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Who’s talking about XLI
85 long5 shortlatest 2026-10-27
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-27 | Mark Haefele | Bullish | Bloomberg TV (uncut) | European industrial earnings growth is continuing and the region has not experienced the same AI-fever… |
| 2026-10-27 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC (uncut) | Industrial stocks are positioned for strong earnings and a favorable reaction after declining roughly 20% to… |
| 2026-10-27 | Jackie Deangelis | Bullish | Fox Business (uncut) | Tariffs are prompting automakers to establish U.S. operations, supporting a long-term return of domestic… |
| 2026-10-26 | Nate Thooft | Bullish | Bloomberg TV (uncut) | Industrials offer real-economy diversification from AI-heavy cap-weighted indices as markets become more… |
| 2026-10-26 | Joe Terranova (Virtus)Chief market strategist, Virtus | Bullish | CNBC (uncut) | Equal-weight S&P rally is rotating from defensive sectors (health care, staples, utilities) to offensive… |
| 2026-10-23 | Nadia LovellHead of global equity strategy, UBS Global Wealth Management | Bullish | Bloomberg TV (uncut) | Electrification-of-economy investment cycle is expanding earnings growth well beyond AI (which accounts for… |
| 2026-10-23 | Kriti Gupta | Bullish | CNBC (uncut) | Industrials capture AI second-derivative upside through data-center build-out, near-shoring, and logistics… |
| 2026-10-23 | Courtney Garcia (Payne Capital)Senior Wealth Advisor, Payne Capital | Bullish | CNBC (uncut) | Interest-rate-sensitive sectors that have been hit hardest offer the best near-term upside as the AI-driven… |
| 2026-10-23 | Nadia LovellHead of global equity strategy, UBS Global Wealth Management | Bullish | Bloomberg Open Interest | Earnings growth is broadening from AI and mega-cap tech into power, electrification, health care, and… |
| 2026-10-21 | Kathy EntwistleManaging Director and Private Wealth Advisor, Morgan Stanley Private Wealth Management | Bullish | Bloomberg TV (uncut) | Industrial companies with strong cash generation and disciplined capital deployment are attractive heading… |
Show all 90 mentions
| Date | Voice | Stance | Venue | Thesis |
|---|---|---|---|---|
| 2026-10-21 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC (uncut) | Industrials exposed to data-center construction are attractive after falling roughly 30% while capital… |
| 2026-10-20 | North Star Asset Management CioCIO, North Star Asset Management | Bullish | Bloomberg Open Interest | Constant rotation between AI and non-AI names makes a broadly diversified portfolio across defensive sectors… |
| 2026-10-20 | Phil CamporealeChief investment strategist, J.P. Morgan Wealth Management | Bullish | Fox Business (uncut) | The Fed raised its 2026–2027 growth forecast to above trend and JP Morgan is recording its largest G7 growth… |
| 2026-10-19 | Keith McculloughCEO & Founder, Hedgeye Risk Management | Short | Danielle DiMartino Booth (newest) | Margin compression from cost pass-through failure, ongoing rate hikes, and deteriorating earnings make… |
| 2026-10-16 | Brian VendigPresident & CIO, MJP Wealth Advisors | Bullish | CNBC (uncut) | Industrials have underperformed by 6-7% over three months while tech ran, yet the secular spending tailwinds… |
| 2026-10-15 | Steve SosnickChief Strategist, Interactive Brokers | Bullish | CNBC (uncut) | Industrials are out of favor relative to the AI/tech trade and look reasonably attractive on a contrarian… |
| 2026-10-15 | Charlie RoseManaging Director & Global Head of Commercial Real Estate Credit, Invesco | Bullish | Capital Allocators (feed) | IOS and self-storage are adjacent 'sheds' variants with established Invesco equity expertise, similar… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bullish | Bloomberg TV (uncut) | Earnings revisions remain positive, these are high-ROIC businesses with strong backlogs that perform well in… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bullish | Mike Wilson (newest) | Positive earnings revisions, high ROIC, and strong order backlogs make these sectors the midcycle quality… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bullish | Bloomberg Surveillance | Earnings revision trends remain positive in healthcare, industrials and capital goods, and these high-ROIC… |
| 2026-10-13 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bullish | Mike Wilson (newest) | Cap goods earnings revisions remain positive while the group features high-ROIC businesses with strong… |
| 2026-10-05 | Omar AguilarCEO & CIO, Schwab Asset Management | Bullish | The Big Picture (Ritholtz) | The AI CapEx cycle has broadened beyond hyperscalers and semiconductors into healthcare, financials, and… |
| 2026-10-03 | Malcolm Ethridge (CIC Wealth)Wealth advisor & CNBC contributor | Bullish | Tom Lee | Sectors supplying AI buildout infrastructure — industrials, HVAC, heavy equipment — represent genuine AI… |
| 2026-10-02 | Malcolm Ethridge (CIC Wealth)Wealth advisor & CNBC contributor | Bullish | CNBC Halftime Committee | Hyperscaler AI spending commitments are flowing into second- and third-order beneficiaries like industrials… |
| 2026-10-01 | Ann MilettiHead of equity investments, Allspring Global Investments | Bullish | Bloomberg The Close | Industrials sit at the intersection of the AI infrastructure capital buildout cycle and global supply chain… |
| 2026-09-30 | Lauren HochfelderCo-CEO, Morgan Stanley Real Estate Investing | Bullish | Bloomberg The Close | Industrial real estate is being driven by AI-linked demand through ecommerce, physical AI like robotics and… |
| 2026-09-15 | James KyngeSenior Research Fellow, Chatham House | Bullish | Prof G Pod (Galloway) | China's deployment of 295,000 industrial robots in one year — over 54% of global installations — signals… |
| 2026-09-15 | Carter WorthMarket technician, Worth Charting | Bearish | CNBC Fast Money Final Trade | The industrial sector ETF is showing the same stalling/rolling pattern as other former leaders, driven by… |
| 2026-09-10 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC Halftime Final Trades | Industrials are supported by durable economic momentum, strong earnings growth, and robust consumer spending… |
| 2026-08-20 | Luke GromenMacro strategist — founder, FFTT | Bullish | The Monetary Matters Network | Hamiltonian economics-driven reshoring and US grid buildout create structural demand for industrial… |
| 2026-08-13 | Courtney Garcia (Payne Capital)Senior Wealth Advisor, Payne Capital | Bullish | Tom Lee | Capex spending is being validated by earnings, and these three sectors are leading the S&P 500 over the past… |
| 2026-08-13 | Michael HowellLiquidity strategist — CrossBorder Capital | Bullish | Macro Voices | Commodity markets historically dominate around the peak and downswing of the global liquidity cycle as money… |
| 2026-08-12 | Ed YardeniPresident, Yardeni Research | Bullish | Bloomberg Podcasts | Industrials are a direct beneficiary of the ongoing AI capex boom, which Yardeni views as 'the real deal,'… |
| 2026-08-11 | George Blue Cloud TradingHost, Blue Cloud Trading | Bullish | CNBC Halftime Final Trades | XLI Industrials ETF pulled back modestly but preserves bullish Ichimoku structure on the weekly — price above… |
| 2026-08-07 | Tyler NevilleTrader, Muddy Waters Capital | Bullish | Forward Guidance | State-directed capitalism and deglobalization are routing capital toward large CapEx industrial assets… |
| 2026-08-03 | Luke GromenMacro strategist — founder, FFTT | Bullish | The Master Investor Podcast with Wilfred Frost | US reshoring requires large-scale industrial manufacturing capacity that can only realistically come from… |
| 2026-08-03 | Luke GromenMacro strategist — founder, FFTT | Bullish | What Bitcoin Did | US cannot reshore fast enough given 45 years of deindustrialization, so Japan captures a large share of the… |
| 2026-08-03 | Sean TaylorCIO & portfolio manager, Matthews | Bullish | Bloomberg ETF IQ | Korean non-semiconductor stocks trade at roughly 9x earnings — a discount to Asia and broader EM peers —… |
| 2026-07-30 | Lauren HochfelderCo-CEO, Morgan Stanley Real Estate Investing | Bullish | Capital Allocators | AI is an accelerant to e-commerce growth and advanced manufacturing, and physical-AI clusters like Silicon… |
| 2026-07-28 | Louis Vincent GaveCo-founder & CEO, Gavekal | Bullish | Louis-Vincent Gave | AI capex cycle creates the same hardware-over-software rotation in China as in the US, but Shenzhen… |
| 2026-07-23 | Luke GromenMacro strategist — founder, FFTT | Bullish | Macro Voices | US reshoring and allied defense buildout require Japanese industrial capacity because China is excluded and… |
| 2026-07-23 | Luke GromenMacro strategist — founder, FFTT | Bullish | Macro Voices | US reshoring cannot happen without Japan because the US lacks domestic industrial capacity and China is off… |
| 2026-07-07 | Laura CooperGlobal Investment Strategist, Nuveen | Bullish | Bloomberg Television | European Q2 EPS growth of ~12% is highly sector-specific, with industrials and materials offering the best… |
| 2026-07-07 | Anthony StevensMarkets reporter, Bloomberg (Hong Kong) | Bullish | Bloomberg Television | The AI buildout is shifting from model training to inference, requiring localized server farms and data… |
| 2026-07-07 | Adrian ZuercherHead of Global Asset Allocation, UBS Global Wealth Management | Bullish | Bloomberg Television | Global manufacturing is recovering with ISM back above 50, China demand is expected to improve marginally… |
| 2026-07-07 | Wei LiGlobal Chief Investment Strategist, BlackRock Investment Institute | Bullish | Bloomberg Television | Physical AI will require batteries, sensors, robotics, and general industrial manufacturing capabilities… |
| 2026-07-06 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC Television | AI-driven earnings broadening is lifting sectors beyond tech, with industrials participating in above-average… |
| 2026-07-06 | Mike AikensFounding Partner, ETF Action | Bullish | CNBC Television | Market broadening away from mega-cap AI into smaller-cap reshoring themes will drive accelerating inflows to… |
| 2026-07-06 | Katerina SimonettiSVP, Senior Portfolio Manager, Morgan Stanley Private Wealth Management | Bullish | Bloomberg Television | Earnings are broadening beyond mega-cap tech; these sectors will participate in the next phase of EPS… |
| 2026-07-03 | Stephanie Link (Hightower)Chief Investment Strategist, Hightower | Bullish | CNBC Halftime Final Trades | These sectors trade at attractive valuations relative to history and should lead the market into year-end… |
| 2026-05-18 | Julie BielPM & strategist, Kayne Anderson Rudnick | Bearish | Bloomberg The Close | Low-ROE commodity-type industrial names driving small-cap outperformance are trading at multiples they don't… |
| 2026-05-07 | Barry SternlichtChairman/CEO, Starwood Capital | Bullish | Bloomberg Television | Northern Italy industrial assets carry ~2% vacancy rates with growing rents and strong inbound buyer… |
| 2026-04-16 | Luke GromenMacro strategist — founder, FFTT | Bullish | Macro Voices | Supply chain disruptions create a durable reshoring impulse layered on top of existing capacity bottlenecks… |
| 2026-03-20 | Mike WilsonChief US Equity Strategist, Morgan Stanley | Bullish | Meb Faber | Manufacturing has been in an elongated recession for 3+ years and is now recovering, supported by CapEx… |
| 2026-03-10 | Luke GromenMacro strategist — founder, FFTT | Bullish | Goldfinger Capital | Wartime footing and reshoring mandate massive capital deployment into electrical infrastructure and… |
| 2026-03-07 | Ed PerksCIO, Franklin Income Investors | Bullish | Masters in Business | Utilities and industrials trade at reasonable valuations relative to mega-cap tech and stand to benefit from… |
| 2026-01-21 | Charles PayneHost, Making Money / Fox Business Network | Bullish | interview | A rotation is underway beneath headline indices as the ongoing industrial revolution drives outsized gains in… |
| 2026-01-13 | Ed YardeniPresident, Yardeni Research | Bullish | In the Money | Overweight industrials as the onshoring/reshoring trend continues to drive structural demand for domestic… |
| 2026-01-06 | Marko PapicGeopolitical macro strategist | Bullish | Bloomberg Open Interest | Geopolitical resource hoarding — the US, China, and others sequestering copper, zinc, nickel and other… |
| 2026-01-02 | Ed YardeniPresident, Yardeni Research | Bullish | CNBC Television | Industrials offer better earnings growth prospects and have been overweighted as a rotation away from… |
| 2025-12-12 | Ed YardeniPresident, Yardeni Research | Bullish | CNBC Television | Rotation out of Magnificent 7 into real-economy sectors supports industrials as a beneficiary, warranting an… |
| 2025-12-08 | Ed YardeniPresident, Yardeni Research | Bullish | CNBC Television | Industrial companies will benefit from technology-driven productivity improvements, making them attractive as… |
| 2025-11-07 | Josh WolfeCo-founder, Lux Capital | Bullish | Chase Coleman | Rising cost of capital is shifting corporate priorities from new capex to maintaining existing assets longer… |
| 2025-11-03 | Luke GromenMacro strategist — founder, FFTT | Bullish | Bankless | At this point in the debasement cycle, reshoring of defense and industrial base combined with commodity… |
| 2025-10-22 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Tom Lee | Dovish Fed pivot with multiple cuts expected drives multiple expansion for cyclical industrials, while AI and… |
| 2025-07-09 | Jon HarrisCEO, AIM13 (Alternative Investment Management) | Bullish | Capital Allocators | Niche real asset sub-sectors where institutional capital is scarce offer attractive entry points for… |
| 2025-03-26 | Marko PapicGeopolitical macro strategist | Bullish | Mauldin Economics | Collapsing LNG-driven electricity costs will invalidate the deindustrialization narrative, and with European… |
| 2025-03-25 | Lakshman AchuthanCo-founder & COO, ECRI | Bullish | Wealthion | Global manufacturing cycle is turning up with China now joining, cycling demand for industrial inputs to the… |
| 2025-03-08 | Tony GreerFounder, TG Macro | Bullish | Forward Guidance | Industrial miners have pulled back into a huge support level without breaking their broader sideways range… |
| 2025-01-04 | Chamath PalihapitiyaFounder, Social Capital | Bearish | All-In Podcast | AI-native companies rebuilding enterprise workflows at an order-of-magnitude lower cost will undercut the… |
| 2024-12-17 | Ed YardeniPresident, Yardeni Research | Bullish | New York Stock Exchange | Industrials benefit from ongoing economic resilience, stimulative fiscal policy under both Biden and incoming… |
| 2024-12-03 | Ed YardeniPresident, Yardeni Research | Bullish | Wealthion | Removing the mega-cap 7 from the S&P 500 reveals sectors still trading at reasonable valuations with earnings… |
| 2024-11-29 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Wealthion | Fed easing lowers borrowing costs for capital-intensive industrials while reshoring policy tailwinds from the… |
| 2024-11-26 | Jason TrennertChairman & CEO, Strategas Research Partners | Bullish | Wealthion | Companies deferred capex throughout the election uncertainty cycle; Trump win plus historically tight… |
| 2024-11-01 | Marko PapicGeopolitical macro strategist | Bullish | Lead-Lag Media | A weaker dollar and improving credit growth second derivatives in Europe, combined with global industrial… |
| 2024-10-03 | Chris CaseyManaging Director, WindRock Wealth Management | Bullish | Wealthion | Real estate is a classic inflation hedge because leverage amplifies returns — inflation effectively shrinks… |
| 2024-09-26 | Terry SmithFounder & CIO, Fundsmith | Bullish | Financial Planner Life Podcast | Companies that place capital equipment (elevators, escalators, compressors, generators, testing gear) create… |
| 2024-08-12 | Mel MattisonAuthor & financial services veteran | Bullish | Forward Guidance | The industrials ETF has been in consolidation and represents the next rotation target as reindustrialization… |
| 2024-08-10 | Marko PapicGeopolitical macro strategist | Bullish | The Market Huddle | A multi-polar world requiring de-risking from China and climate investment creates a structurally high-capex… |
| 2024-05-24 | Luke GromenMacro strategist — founder, FFTT | Bullish | Kitco NEWS | The US reshoring of industrial production and the need to expand and maintain electrical grid infrastructure… |
| 2024-05-07 | Kyle BassFounder/CIO, Hayman Capital | Bullish | Bloomberg Television | National security imperatives and supply chain vulnerabilities (e.g., 95% of antibiotic APIs made in China)… |
| 2023-10-24 | Stephen SchwarzmanCo-founder & CEO, Blackstone | Bullish | interview | Sustained demand is driving 8% annual rent growth and lease rollovers generate 50-60% rent step-ups for… |
| 2023-06-05 | Tom Lee (Fundstrat)Co-founder & head of research, Fundstrat | Bullish | Tom Lee | Approximately 81% of Industrial companies have raised earnings estimates for the year, signaling strong… |
| 2023-03-14 | Marko PapicGeopolitical macro strategist | Bullish | The Montgomery Summit | Europe is well-positioned for the coming industrial cycle because it has strong manufacturing, materials, and… |
| 2022-10-11 | David EinhornFounder, Greenlight Capital | Bullish | Bloomberg Television | Prolonged under-investment in boring physical industries creates a structural shortage of capacity… |
| 2021-02-21 | Cathie WoodCEO & CIO, ARK Invest | Bullish | samlyn | The entire US economy will reach 200 robots per 10,000 employees within 5 years—a transition that took… |
| 2020-10-08 | Carly TrippMD, Invesco Real Estate; ex-global CIO, Nuveen Real Estate | Bullish | Delivering Alpha | E-commerce sales surged 40% YoY and adoption accelerated across previously slow demographics, structurally… |
| 2020-03-30 | Bob WyckoffManaging director, Tweedy, Browne Company | Bullish | The Acquirers Podcast | Manufacturing-sector recession of 2019 drove PMIs and industrial production sharply lower, creating cyclical… |
| 2019-12-22 | Alex RoepersFounder & CIO, Atlantic Investment Management | Bullish | Value Investing Congress | Japanese industrial companies hold enormous cash balances relative to market cap and are being pushed toward… |
| 2016-06-20 | Raoul PalCo-founder, Real Vision; ex-GLG PM | Bearish | Real Vision | Commodity supercycle bust is underway—10-year rolling returns are heading to zero and will stay there for a… |
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The options tape
Notable options days
Sessions in the last 120 where XLI’s settled options volume ran ≥ 2× its trailing 20-session baseline, or delta-dollar flow ran ≥ 2.5× — 10 of 120 sessions qualified.
The qualifying dates are the free record. Close, flow, call/LEAPS mix and the 20-session outcome — for every session below — are member content.
| Date | Close | RVOL | Δ$ flow ($M) | Call % | LEAPS % | +20 sess. |
|---|---|---|---|---|---|---|
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| 2026-09-18 | ||||||
| 2026-09-01 | ||||||
| 2026-08-12 | ||||||
| 2026-08-05 | ||||||
| 2026-08-04 | ||||||
| 2026-07-16 | ||||||
| 2026-07-02 | ||||||
| 2026-06-16 |
+20 sess. = raw price change over the following 20
sessions — not market-adjusted; the tape tells you where to look,
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