🔴 Leveraged Equity ETF (COHH) is trading 5.23% down as Trump rejects Iran’s proposal, oil rises

COHH is trading at $5.60, down 5.23%, as Iran tensions fuel broader risk aversion.

• President Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz renewed geopolitical and supply concerns; crude rose, reviving inflation worries.
• Higher oil and Treasury yields, alongside weaker U.S. equity and technology futures, pressured risk-sensitive shares.
• COHH’s leveraged exposure to Coherent links it to technology-stock weakness, while available evidence points mainly to macro risk aversion, not company-specific news.