🔴 TECS is trading 4.77% down today as tech stocks rally after in-line August CPI

TECS is trading 4.77% down now at $59.37 after August CPI data matched expectations and eased immediate inflation concerns.

• Broad U.S. indexes are rising: the S&P 500, Nasdaq Composite, and Dow Jones are up 1.07%, 1.07%, and 1.16%, respectively, creating unfavorable conditions for this -3x inverse technology ETF.
• The move appears macro-driven rather than company-specific, as technology stocks are participating in the broader relief rally while Treasury yields ease from recent highs. Reuters reported that yields steadied after reaching multi-year highs.