🔴 Small Cap Bull 3X ETF (TNA) is trading 2.39% down in pre-market after hawkish July Fed minutes

TNA is trading at $72.76, down 2.39% from the August 19 close of $74.54, pressured by the Federal Reserve’s hawkish July minutes.

• Several officials supported possible rate increases if inflation remains elevated, reinforcing higher-for-longer expectations and pressuring rate-sensitive small caps.
• S&P 500, Nasdaq, and Dow futures are lower, while Treasury yields rebounded after Wednesday’s easing, reflecting weaker pre-market risk appetite.