🟢 Trading--Inverse Equity ETF (SNDQ) is trading 3.93% up today as oil tops $90

SNDQ is trading at $17.70 (+3.93%), consistent with its inverse-equity exposure as the Nasdaq Composite declines 0.42%.

• Month-end profit-taking and weakness in rate-sensitive technology shares are amplifying the move.
• Renewed U.S.-Iran clashes pushed oil above $90, intensifying inflation concerns.
• Federal Reserve Chair Kevin Warsh’s hawkish Jackson Hole message lifted September rate-hike expectations above 60%, weighing on equities and supporting SNDQ.