🔴 PSI is trading 1.8% down amid broader risk-off pressure

PSI is trading 1.8% down at $147.80, with broader risk-off pressure appearing to be the main backdrop.

• Monday’s market coverage cited rising oil prices after the U.S. rejected Iran’s ceasefire proposal, alongside weaker futures. Higher Treasury yields are also adding to cautious sentiment.
• PSI is the Invesco Semiconductors ETF, so semiconductor weakness may be relevant, but no direct sector catalyst or company-specific event explaining the decline was found.