TMTB EOD

Nov 20, 2023

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QQQs rallied 1.2% as SOX outperformed up 1.5% (NVDA hit new 52wk highs) and ARKK rallied 2.6%. The market caught a bid after a good treasury auction as the front end rose 2bps and the long end fell 1-3bps. Oil finished up 2% and BTC up 1.5%. China internet finished up close to 3%.

The latest I read on the OpenAI/MSFT show is that Sam to MSFT wasn’t a done deal yet, over 700 employees including Ilya (basically the whole firm) are threatening to go to MSFT if the board doesn’t resign. The latest tweets from Sama:

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