🔴 SPYG is trading 1.5% down today amid a tech selloff and Fed rate-cut concerns

SPYG is trading 1.5% down as growth and technology shares retreat alongside weaker S&P 500 and Nasdaq futures.

• The ETF is tracking a broader risk-off move in global tech, including overnight weakness in Asia and semiconductor names, driven by its 40.5% exposure to the information technology sector.
• Market participants are awaiting key Federal Reserve minutes that could reshape expectations for future interest rate cuts.