SPYG is trading 1.5% up today as falling oil prices and lower Treasury yields support growth-stock valuations.

  • Falling oil prices ease inflation concerns; lower Treasury yields ease duration concerns.
  • Information technology and semiconductor shares lead the risk-on rally; the Nasdaq is outperforming the S&P 500.
  • AI and chip optimism, including Intel’s AUO Optronics partnership, adds momentum. The move is primarily macro- and sector-driven rather than SPYG-specific, with semiconductor and AI-linked stocks leading gains.