🟢 Trading--Leveraged Equity ETF (TNA) is trading 2.12% up today on benign inflation data

TNA is trading at $77.11 (+2.12%) as benign inflation data supports broad risk-on trading.

• The Russell 2000 is near record highs, with small-cap stocks outperforming as investors reassess Federal Reserve rate-hike risks.
• July CPI matched expectations at 3.4% year over year; benign July PPI helped Treasury yields ease, supporting rate-sensitive companies.
• TNA’s 3x daily leverage to the Russell 2000 amplifies index gains; higher major U.S. indexes point to a macro-driven small-cap rally, not an isolated TNA event.