Spear Alpha ETF is trading 5.6% down today as a sharp post-earnings selloff in Broadcom drags the semiconductor sector and Nasdaq lower.
- The fund's heavy information technology tilt is under pressure as the broader tech complex extends a rotation out of high-valuation AI and semiconductor names.
- Investors are increasingly moving toward value and industrial sectors following the Dow’s record high, weighing disproportionately on the growth-focused SPRX portfolio.