SPXE.TO is trading 3.9% lower as risk appetite toward high-beta tech and AI-linked names cools following a sharp selloff in the semiconductor sector.
- Geopolitical escalation in the Middle East is lifting oil prices and reviving inflation worries ahead of a key Federal Reserve decision.
- The macro environment is weighing heavily on growth-oriented, volatility-sensitive strategies like this SpaceX-themed income ETF.