LITX is trading at $30.79, down 3.15%, as a risk-off macro backdrop and rising Treasury yields pressure growth stocks.
- Stronger U.S. PMI data pushed the 10-year Treasury yield near 5.11%-5.12%, increasing expectations for additional Federal Reserve tightening and pressuring high-valuation technology stocks.
- LITX’s 2x daily leverage amplifies weakness in Lumentum and broader growth equities. Futures are also lower, while recent gains encourage profit-taking.