🔴 FTEC is trading 1.8% down today amid a sector-wide tech selloff and AI valuation concerns

FTEC is trading 1.8% down today amid a sharp pullback across the U.S. information technology sector as investors move into a risk-off posture.

• The decline tracks broader benchmarks like the Information Technology Select Sector SPDR (XLK), suggesting the move is driven by sector-wide sentiment rather than ETF-specific news.
• Investors are reassessing rich AI valuations and repositioning portfolios ahead of key Federal Reserve minutes and upcoming global tech events.
• These macro pressures are weighing heavily on the high-growth technology names that dominate the FTEC portfolio.