🔴 Space ETF (UFO) is trading 3% down as hotter-than-expected inflation lifts Treasury yields

UFO is trading at $39.51, down 3.02%, as hotter-than-expected inflation lifted Treasury yields and pressured growth-sensitive stocks.

• September CPI rose 3.7% year over year versus 3.6% expected; core inflation also exceeded forecasts, reigniting rate-hike concerns.
• UFO’s space and communications exposure, including key holdings SPCX and Rocket Lab, likely added pressure as the broader Nasdaq fell amid the inflation-driven retreat.