Spear Alpha ETF is trading 3.8% down today as its tech-heavy, high-growth portfolio faces pressure from a broader market rotation out of AI-linked names.
- Rising Treasury yields and heightened geopolitical risks are reinforcing a risk-off sentiment toward long-duration technology cash flows.
- The fund is being dragged down by Broadcom’s post-earnings selloff and general weakness across the semiconductor and innovation-focused software sectors.
- Capital is rotating toward value and industrial-oriented areas, evidenced by the Dow’s outperformance relative to the Nasdaq.