🟢 SPXS is trading 3.14% up as the S&P 500 falls on AI spending doubts

SPXS is trading at $24.75, up 3.14%, as broad-market weakness aligns with its inverse objective.

• SPXS targets 300% of the inverse of the S&P 500’s daily performance.
• Reuters reported U.S. stocks opened lower on October 22 amid renewed doubts about AI spending and rising oil prices; the S&P 500 fell 0.81% at the open.
• Geopolitical supply concerns pushed Brent crude higher, adding to risk-off pressure; no clear SPXS-specific catalyst was identified.