🔴 Trading--Inverse Equity ETF (SNDQ) is trading 3.62% down in pre-market as U.S. equity futures rise

SNDQ is trading at $12.77, down -3.62%, as higher S&P 500, Nasdaq, and Dow futures pressure the inverse-equity ETF.

• Easing oil prices and lower Treasury yields improved risk appetite after the Fed decision.
• Overnight gains followed a dovish interpretation of the Bank of Japan’s 1.25% hike.
• The broader risk-on tone, rather than a company-specific catalyst, explains the move as U.S. stocks continue recovering from the September 16 Federal Reserve rate hike.