Defiance Daily Target 2X Long RGTI ETF is trading 2% down today as investors continue to unwind speculative quantum-computing and AI exposure after a stronger-than-expected May jobs report repriced Fed expectations toward tighter policy.
- The selloff in the 2x leveraged product extends sharp losses from last week, reflecting a broader market rotation away from high-beta growth stocks and toward value and cyclical sectors.
- Despite mixed index futures on June 8, 2026, leveraged single-stock products like RGTX remain under pressure as markets digest the implications of a potential shift in monetary policy.