TMTB EOD

Good afternoon. The QQQs rallied mid morning to finish the day up 20bps despite large caps lagging again. We saw lots of highly shorted names outperform significantly today with many up double digits as yields fell 8-11bps across the curve (with the 2 and 10 year down 11bps and long end yields down less). Unloved sectors like network equipment and Medi…