SNDG is trading 7% up in pre-market on July 31, 2026, as the 2x leveraged ETF benefits from a broad tech-led risk-on sentiment and cooling inflation data.
- The move follows an extremely volatile week for the instrument, which recently experienced daily price fluctuations of nearly 50%.
- Market strength is being driven by blowout cloud and AI earnings from Microsoft and Amazon, which have pushed Nasdaq futures up over 1%.
- The positive macro environment and cooling inflation are providing a significant tailwind for high-beta and leveraged equity products.