🟢 TECS is trading 4.52% up as hotter-than-expected CPI lifts rate-hike concerns

TECS is trading at $53.91, up 4.52%, as hotter-than-expected September inflation lifted rate-hike concerns.

• September headline CPI ran at 3.7% annually versus 3.6% expected; core CPI was 2.6% versus 2.5% expected.
• TECS seeks 300% inverse daily exposure to the Technology Select Sector Index; weakness in technology stocks can support gains in the fund.
• The Nasdaq was down 0.92% in the supplied market context, consistent with broader pressure on tech shares.