🔴 Large Blend ETF (MTUM) is trading 1.99% down today as oil-driven inflation fears lift Treasury yields

MTUM is trading 1.99% down as its 47.7% information-technology allocation falls alongside the broader Nasdaq and U.S. equity market.

• Higher oil prices and fading U.S.-Iran peace prospects are reviving inflation concerns, while elevated Treasury yields weigh on high-valuation growth stocks.
• Nasdaq 100 futures were down 1.17% premarket, with NVIDIA and semiconductor stocks also declining.
• The geopolitical shock is lifting borrowing costs and weakening risk appetite, with the S&P 500, Nasdaq Composite and Dow Jones also declining.