JEDI is trading 5.9% up today as money continues rotating from stretched technology valuations into industrials and other value sectors.
- Strong labor data and resilient industrial production are supporting the fund's majority industrials allocation, helping offset pressure from its smaller technology sleeve.
- Ongoing AI-related infrastructure and capital spending continue to provide a tailwind for industrial holdings.
- The pre-market move marks a significant rebound for the fund after several sessions of sharp declines.