🔴 Space ETF (SPXE.TO) is trading 3.03% down as hotter-than-expected CPI fuels rate-hike concerns

SPXE.TO is trading at CA$10.07 (-3.03%) as hotter-than-expected inflation lifted rate-hike concerns.

• September CPI accelerated to 3.7% year over year, above the 3.6% forecast; core inflation also topped expectations, lifting Treasury yields.
• Higher borrowing-cost expectations weighed on growth stocks as the broader market and technology shares weakened.
• SPXE invests all its assets in SpaceX shares; reported concerns about potential share supply and an executive sale may have compounded the risk-off move.