🔴 Simplify Volt TSLA Revolution ETF is trading 3.3% down today after hotter-than-expected CPI report dampens rate cut hopes

Simplify Volt TSLA Revolution ETF is trading 3.3% down today as a hotter-than-expected May CPI report pressures growth and high-beta assets.

• The inflation data has dampened expectations for near-term Federal Reserve rate cuts, weighing heavily on long-duration assets and the consumer discretionary sector.
• Despite recent strength in underlying Tesla (TSLA) shares, a broader risk-off sentiment and rising geopolitical tensions are dragging TSLA-focused products lower intraday.