SOLZ is trading at $9.58 (down 3.4%) as geopolitical tensions and hotter-than-expected inflation data trigger a broad market sell-off.
- President Trump’s warning that the Middle East ceasefire is on life support has sparked risk-off sentiment, dragging the S&P 500 and Nasdaq lower.
- April CPI at 3.8% YoY and oil prices surging above $104/barrel are dampening expectations for Fed rate cuts.
- The decline comes despite recent record inflows, as major crypto assets like Bitcoin and Ethereum retreat alongside traditional equities.