TNA is trading at $73.18 (-2.01%) as Russell 2000 weakness weighs on TNA, with small caps underperforming as rates-sensitive stocks retreat.
- Investors are consolidating after the August 7 rally and reducing risk ahead of Wednesday’s CPI report.
- Higher oil prices linked to unresolved Strait of Hormuz negotiations are reinforcing defensive sentiment.
- The weak July payrolls report remains supportive longer term, but today’s profit-taking is dominating.