SPMO is trading at $143.63 (down 1.67%) as hotter-than-expected inflation data and emerging supply chain disruptions pressure the momentum-focused strategy.
- April CPI rose 3.8% year-over-year, exceeding the 3.7% forecast and fueling concerns that the Federal Reserve will delay interest rate cuts.
- Supply chain risks are mounting as a looming strike at Samsung scheduled for May 21 threatens 3% of global memory-chip supply and could result in a $20 billion loss.
- Broader market weakness and rising oil prices—driven by Middle East geopolitical tensions—further weighed on the Nasdaq and tech-heavy momentum holdings.