XOVR is trading 1.78% up today as markets rebound after the Fed’s widely anticipated 25-basis-point rate hike on September 16.
- The Fed lifted rates to 3.75%-4.00%, while lower Treasury yields and falling crude oil prices improved risk appetite.
- The broad rally in the Nasdaq and S&P 500 supports XOVR’s technology-heavy portfolio.
- Weaker August housing starts and building permits are a modest offset, while broad market recovery and easing post-Fed uncertainty remain dominant.