🔴 Defiance Daily Target 2X Long RGTI ETF is trading 31.3% down today as rates reprice higher after strong jobs data

Defiance Daily Target 2X Long RGTI ETF is trading 31.3% down as investors aggressively unload speculative AI and quantum-computing exposure following a sharp rise in expected Fed tightening.

• The 2x leveraged ETF is amplifying a steep pullback in Rigetti Computing and broader high-beta tech sectors as yields rise.
• Market sentiment shifted toward a risk-off stance after a much-stronger-than-expected May jobs report led to a hawkish repricing of interest rate expectations.
• Speculative tech assets are under heavy pressure as the prospect of higher-for-longer rates reduces the appeal of high-beta growth stocks.