TMTB EOD

QQQ ST bottom, META outperforms, AMZN roundtrips on weaker AWS data, GOOGL Ackman buys, Semis shake off MU weakness

Good afternoon. We mentioned in our EOD note yesterday that it felt like we had put in a short-term bottom, and today we had decent follow through in the QQQs up 85bps to back that up.  The QQQs also undercut the low from August and rallied to close above it today, which supports my view of a short term bottom as we head into a slightly more favorable t…