🔴 Growth ETF (SPWO) is trading 3% down today as Iran tensions lift oil and bond yields

SPWO is trading at $33.05 (-3.04%) as the U.S.-Iran truce expired, Tehran threatened a more offensive posture, and oil prices rose.

• The geopolitical shock revived inflation concerns and lifted global government-bond yields; the U.S. 30-year yield reached its highest since 2007, pressuring long-duration growth-stock valuations.
• Broader risk aversion weakened Asian and European equities; U.S. technology stocks underperformed.
• Softer U.S. July housing starts added uncertainty, while stronger permits partially offset the data impact.