IAPR

IAPR is effectively serving as a 'Macro Shelter' amidst the current Tech Wreck. While US indices suffer from AI-jitters (Cisco/AppLovin), IAPR's underlying exposure to International Developed markets (MSCI EAFE) provides a structural divergence, allowing it to hold near highs ($31.33) and trigger 'Alpha Male' relative strength signals. The 'Caution' regime has forced a rotation into these defined-outcome vehicles, where the 15% downside buffer is currently more valuable to institutional capital than uncapped tech beta.