🔴 TECL is trading 6% down today amid AI spending shocks and tariff uncertainty

TECL is trading 6% down today as the information technology sector continues to digest recent AI-related spending shocks and macro headwinds.

• Alphabet’s capex-heavy earnings have sparked broader concerns over aggressive AI infrastructure investment, pressuring major technology constituents.
• New U.S. tariffs are adding to sector-specific pressure, causing tech to lag behind broader equities despite an oil-driven relief bid in other markets.
• The 3x leverage of the ETF is amplifying the downside as investors reassess growth valuations in the face of increased spending and trade uncertainty.