🔴 Large Blend ETF (MTUM) is trading 2.14% down today as elevated Treasury yields pressure technology stocks

MTUM is trading 2.14% down today as elevated long-term Treasury yields pressure highly valued growth stocks.

• Technology shares are leading a broader risk-off move as investors reduce exposure ahead of Nvidia’s August 26 earnings and Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
• Fresh Iran-sanctions risk and fragile geopolitical sentiment are adding pressure.
• The Nasdaq Composite is down 0.68%, the S&P 500 is down 0.28%, and the Dow is up 0.19%; MTUM’s 47.7% technology allocation makes it especially sensitive.