🔴 Large Blend ETF (MTUM) is trading 2.2% down in pre-market as higher yields pressure growth stocks

MTUM is trading 2.2% down in pre-market as higher Treasury yields near 5% pressure rate-sensitive growth stocks.

• Technology represents 50.6% of the ETF, while Nasdaq futures are down 1.61% pre-market.
• Oil at $105-$108 and Middle East shipping risks are increasing inflation concerns.
• Investors are positioning ahead of this week’s Federal Reserve decision, with markets pricing a likely 25-basis-point hike. Strong Oracle results provide a partial technology-sector offset, but broader risk reduction dominates.