🔴 Trading--Leveraged Equity ETF (TECL) is trading 5.4% down in pre-market today amid higher oil and multiyear Treasury yields

TECL is trading 5.4% down pre-market today as renewed U.S.-Iran tensions lift oil prices and long-term Treasury yields.

• Nasdaq slipped 0.32% on August 17; pre-market weakness broadened across memory and storage shares, including Micron, Western Digital, Seagate, and Applied Materials, while Nasdaq 100 futures fell.
• The move appears sector-driven: higher yields raise growth-equity discount rates, while escalation heightens inflation and risk-aversion concerns.
• TECL’s 3x leverage magnifies declines; confidence is medium, with leverage and pre-market liquidity also contributing.