🔴 Large Blend ETF (MTUM) is trading 1.5% down today as Hormuz tensions lift oil and yields

MTUM is trading 1.5% down today as oil-driven inflation fears lift global bond yields.

• The Nasdaq Composite is down 0.85%, while information technology represents 47.7% of the ETF.
• Renewed U.S.-Iran tensions around the Strait of Hormuz have pushed oil higher, reviving inflation concerns; Japan’s 10-year yield reaching 3% has intensified the global bond selloff, pressuring rate-sensitive technology and growth stocks.
• The decline is broad; DELL and CRWD strength provide offsets, PANW earnings are scheduled after the close, and confidence is medium because the session remains open.