SPWO is trading 7.5% up today following a sharp pre-market rebound as investors re-enter non-U.S. growth exposure after a geopolitically driven selloff.

  • The recovery follows a risk-off session triggered by escalating U.S.–Iran tensions near the Strait of Hormuz.
  • Investors are selectively returning to international growth assets while broader futures trade mixed ahead of key U.S. CPI data.
  • The move suggests a technical retracement of Monday’s losses rather than a reaction to idiosyncratic sector news.