GPIQ is trading 2.7% down alongside a sharp pullback in the information technology sector after Accenture cut its revenue outlook and highlighted softer enterprise tech spending.
- The downward revision is pressuring high-beta Nasdaq-linked strategies as risk appetite rotates out of growth and the Nasdaq Composite underperforms.
- GPIQ’s Nasdaq-100-focused, option-income profile is amplifying the downside as traders reprice earnings expectations and demand for IT services.