TMTB EOD

QQQs made up a good chunk of the ground it lost yesterday finishing up 1.2%. ARKK and semis outperformed up 2.5% and 2.7% (the latter helped by MU’s stellar report). Yields rose 2-5bps across the curve. Strength all around as highly shorted/mid cap/yield sensitive names outperformed large cap despite a rise in yields. Chinese internet was also up 3.5%…