SPYG is trading 1.8% down today as growth and technology shares retreat alongside weaker Nasdaq futures and broader U.S. equity markets.
- Information technology makes up over 40% of SPYG, making the current sector-wide weakness a key driver of the decline.
- The pullback follows Monday’s intraday reversal and comes ahead of Thursday’s PCE inflation report, which is heightening rate-hike concerns.
- Long-duration growth assets are under pressure as investors reassess interest rate expectations following recent market volatility.