MTUM is trading 2% lower today, broadly tracking a pullback in large-cap growth and information technology names, which make up over half of the ETF’s exposure.
- Tech-related futures are underperforming the S&P 500, pointing to renewed pressure on high-multiple growth and AI beneficiaries.
- Global regulatory scrutiny of major platforms such as Apple and Google is weighing on sentiment toward mega-cap tech and the broader information technology sector.