🔴 Trading--Leveraged Equity ETF (SOXL) is trading 4.53% down today as semiconductor investors reduce exposure

SOXL is trading 4.53% down today as semiconductor investors reduce exposure after a sharp rebound.

• The Philadelphia Semiconductor Index has entered bear-market territory, down more than 20% from its late-June high.
• Technology sentiment is pressured ahead of the August 12 CPI report; the Nasdaq Composite is down 0.23% and the 10-year Treasury yield is near 4.651%.
• SOXL’s three-times leveraged structure amplifies the sector decline.