🔴 ORCX is trading 2.4% down today on Oracle weakness and broader tech de-risking ahead of PCE data

ORCX is trading 2.4% down today as weakness in Oracle (ORCL) and a broader technology pullback continue to weigh on leveraged products.

• Pre-market losses of approximately -5.45% reflected risk-off positioning ahead of this week’s PCE inflation data.
• The 2x leveraged structure is magnifying sector-wide de-risking and intraday losses as the Nasdaq trades lower.
• Recent underperformance in Oracle has extended a sharp multi-day drop for the ETF since mid-June.