🔴 Inverse S&P 500 ETF (SDD) is trading 2.2% down as S&P 500 advances

SDD is trading at $9.44, down 2.22%, as the S&P 500’s modest advance weighs on its inverse exposure.

• At 3:00 p.m. ET, the S&P 500 was up about 0.13%.
• Hot September producer-price inflation—1.3% monthly and 6.3% annually—and strong headline retail sales renewed rate concerns, but an afternoon recovery in stocks offset that pressure for SDD.
• The concerns followed the October 14 CPI surprise and carried into Thursday.