🟢 TECS is trading 6.5% up as inflation revives rate-hike concerns

TECS is trading at $59.50, up +6.48%, as hotter-than-expected September inflation revived rate-hike concerns.

• TECS’s gains are consistent with its inverse technology exposure. Reuters reported that inflation expectations and rising-rate worries pressured technology shares, while semiconductor stocks also extended losses.
• Supplied price history shows TECS rose 8.96% to $56.20 on October 14, then continued higher in morning trading on October 15.