QQQs finished up 1.4% on the back BAML’s AAPL upgrade and semi strength as TSM q and guide was better than expected. Yields were mixed with the 2 year dn 1bp but 10 year up 3 bps. Crude rallied 2%, SOX +3% and ARKK underperformed dn 50bps. BTC dn another 4%. Dispersion continues in tech with leaders (NVDA, AMD, MSFT, META, NOW, PANW, CRWD) continuing to hit new highs while growth stocks lag. AI excitement is back in full force.
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