🟢 SPXL is trading 3.6% up today on stronger manufacturing data and easing geopolitical tensions

SPXL is trading 3.6% up today as U.S. equities extend a risk-on rally driven by stronger manufacturing data and easing Middle East tensions.

• The S&P 500 is being lifted by positive economic data and lower-to-stable oil prices, with the technology and communication services sectors leading the market gains.
• As a 3x leveraged fund, SPXL is amplifying the broad index move rather than reacting to idiosyncratic company news.
• The upward trend continues a rally that began on August 3, supported by a general shift toward risk-on sentiment across U.S. equity markets.