🔴 SPY is trading 0.7% down today as hawkish Fed minutes and a semiconductor selloff weigh on risk assets

SPY is trading 0.7% down today as investors brace for hawkish FOMC minutes and a broad semiconductor selloff.

• Rising September rate hike odds and a sharp spike in oil prices are fueling renewed inflation concerns, pressuring growth-heavy sectors.
• Weak results from Samsung and news of China’s DeepSeek AI chip plans have triggered a sharp decline in semiconductor stocks, impacting the fund's heavy Information Technology and Communication Services exposure.