🔴 PAVE is trading 3.2% down today as weak U.S. trade data pressures cyclicals

PAVE is trading 3.2% down today following the release of U.S. international trade data showing a larger deficit and significant declines in industrial supplies and capital goods.

• The trade report highlighted a drop in capital goods, weighing heavily on the economically sensitive industrials and materials sectors that dominate the ETF's portfolio.
• Broader equity indices are also trending lower, adding to the selling pressure on cyclical stocks amid a general risk-off market tone.