JEDI is trading 3.1% up today as investors rotate into industrials and defense-related names amid escalating U.S.-Iran tensions and oil price spikes.
- Heightened conflict around the Strait of Hormuz and strikes on U.S. logistics assets are lifting defense, shipping, and logistics stocks which dominate the portfolio.
- The rally in industrials is successfully offsetting recent technology sector weakness linked to profit-taking in semiconductor names.