🟢 Inverse Equity ETF (SNDQ) is trading 6.8% up as Trump rejects Iran’s Hormuz proposal

SNDQ is trading at $10.90, up 6.82%, after President Trump’s rejection of Iran’s Hormuz proposal renewed geopolitical risk.

• The risk-off shift lifted oil and sent Nasdaq-100 futures down about 1%, supporting SNDQ’s inverse exposure.
• Higher oil prices revived inflation and higher-for-longer rate concerns, pressuring growth-oriented equities.