JEDI is trading 3.4% up today, primarily driven by a rebound in the industrials sector—which accounts for over half of the ETF—following a cooler-than-expected June CPI report.
- Improved risk sentiment and lower implied Fed tightening odds have allowed cyclical sectors like industrials to outperform the broader market.
- AI-linked defense names are rallying alongside the industrial sector, further boosting the ETF's performance while major U.S. indices post more modest gains.