JEDI is trading 3.4% down today as its industrials-heavy portfolio reacts to renewed Middle East tensions, a jump in oil prices, and caution ahead of the Federal Reserve’s FOMC statement.
- Industrials and cyclicals tied to energy, defense, and logistics are seeing higher risk premiums from tariff and conflict worries, driving underperformance in the fund's largest sector weights.
- The broader market remains mixed as investors weigh geopolitical instability against upcoming macroeconomic data and the Fed's interest rate decision.