🔴 SPXS is trading 4.1% down today as S&P 500 rallies on easing geopolitical tensions and AI optimism

SPXS is trading 4.1% down now at $27.36 as investors rotate back into risk assets and S&P 500 futures climb on improving market sentiment.

• The broader market rebound is being driven by easing Middle East tensions and continued optimism surrounding AI developments.
• As a 3x inverse S&P 500 ETF, the decline in SPXS directly mirrors the gains in the underlying index with no fund-specific news reported.
• The move highlights a shift in investor appetite as capital flows out of defensive inverse products and back into equities.