🔴 Large Blend ETF (SPMO) is trading 1.6% down today as rising yields reduce high-growth valuations

SPMO is trading at $144.77 (-1.58%) as rising yields reduce high-growth valuations.

• Information technology, representing 51.6% of SPMO, is under pressure.
• Renewed U.S.–Iran tensions lifted oil prices, intensifying inflation concerns and pushing the 10-year Treasury yield near 4.78%.
• A global bond selloff, including Japan’s 10-year yield reaching 3%, is reinforcing risk-off pressure.