🔴 Industrials ETF (WARP) is trading 3.8% down today as U.S.-Iran tensions lift oil and yields

WARP is trading at $22.14 (-3.76%) as renewed U.S.-Iran tensions push Brent crude above $90 and the 30-year Treasury yield above 5.30%, increasing inflation and financing concerns for industrial and space-related holdings.

• WARP is declining alongside weaker U.S. equities.
• July housing starts totaled 1.239 million, versus permits near 1.443 million.
• Geopolitical risk, higher energy costs, and elevated yields appear to be the primary drivers.