LIT is trading 3% down today as investors rotate out of growth and battery-linked names amid renewed risk-off sentiment and slowing electric vehicle demand.
- Elevated geopolitical tensions and caution ahead of key Fed communications are weighing on cyclical and high-beta sectors.
- The decline in lithium and battery technology exposures comes alongside modest losses in major U.S. indices.
- Pressure is intensifying on the EV supply chain as market participants pivot away from high-growth exposures.