🔴 SPXS is trading 3.1% down today as the S&P 500 rises 0.57%

SPXS is trading 3.1% down at $27.29 as the S&P 500 rises 0.57%, consistent with the fund’s target of 300% of the index’s inverse daily performance.

• Stocks are rebounding after the prior session’s technology-led sell-off.
• October payrolls came in stronger than expected.
• No company-specific SPXS catalyst was found.