🔴 Palantir ETF (PLTE.TO) is trading 3.04% down after Palantir's post-earnings pullback

PLTE.TO is trading 3.04% down as its dominant Palantir exposure pulls back after an exceptional post-earnings rally.

• Palantir fell roughly 1.3% premarket amid renewed valuation concerns and bearish positioning after its approximately 40% weekly surge.
• July CPI matched expectations and supported broader growth stocks, so macro conditions do not explain PLTE.TO’s weakness.
• PLTE.TO’s approximately 127.4% Palantir exposure and leverage amplify the underlying stock’s decline.