🔴 Tech ETF (ARKF) is trading 3.09% down today as higher-for-longer rate expectations pressure growth assets

ARKF is trading at $43.50, down 3.09%, as higher-for-longer rate expectations pressure fintech, technology, and other growth assets.

• The Federal Reserve raised rates 25 basis points to 3.75%-4.00% and signaled another possible hike this year.
• Stronger-than-expected August retail sales reinforced inflation concerns; the 10-year Treasury yield remains near 5%, tightening financial conditions.
• Broad U.S. equities are also lower, confirming a wider risk-off move rather than an ARKF-specific shock.