JEDI is trading 4.4% down today as persistent weakness in technology shares outweighs gains in the fund's industrial allocation.
- Investors are rotating away from growth and AI-linked tech following an extended rally, placing sustained pressure on the fund's tech sleeve.
- Industrials are seeing increased demand driven by optimism over infrastructure and defense spending, though these gains are currently insufficient to counter tech losses.
- The market shift reflects a wider move toward value-oriented sectors as technology shares continue to lag.