Investment Managers Series Trust II - Tradr 2X Long SITM Daily ETF (SITX)

The major indices are lower at midday, with the Nasdaq is down more than 2%. Earnings continue to dominate this news cycle on Wall Street. Crude oil is at $99 per barrel. The yield on the 10-year Treasury note is down 14 basis points at 5.01%.

IBM is a leading U.S.-based provider of enterprise IT hardware, software and services. In November 2021, IBM spun off the managed infrastructure assets of its former GTS business into Kyndryl (NYSE: KD). To align with its platform-centric approach, IBM has revised its segment reporting into four major categories: Consulting, Software, Infrastructure, and Global Financing.

Incorporated in 1911, International Business Machines, or IBM, is one of the oldest technology companies in the world. It provides software, IT consulting services, and hardware to help business customers modernize their technology workflows. IBM operates in 175 countries and employs approximately 300,000 people. The company has a robust roster of business partners to service its clients, which includes 95% of all Fortune 500 companies. IBM’s products, including Red Hat, watsonx, and mainframes, handle some of the world’s most important data workloads in areas like finance and retail.