🟢 SPXS is trading 3.48% up today as hotter-than-expected inflation weighs on stocks

SPXS is trading 3.48% higher at $24.23 as U.S. stocks fall following hotter-than-expected September inflation.

• Headline CPI rose 3.7% year over year versus 3.6% expected; core CPI reached 2.6% versus 2.5% expected.
• Reuters reported the data boosted rate-hike bets and weighed on major indexes. SPXS seeks 300% of the S&P 500’s inverse daily performance.
• No company-specific catalyst was found; broad-market weakness best explains the move.