TMT Breakout

TMT Breakout

Share this post

TMT Breakout
TMT Breakout
TMTB EOD Wrap
Copy link
Facebook
Email
Notes
More

TMTB EOD Wrap

TMT Breakout's avatar
TMT Breakout
Apr 10, 2024
∙ Paid
4

Share this post

TMT Breakout
TMT Breakout
TMTB EOD Wrap
Copy link
Facebook
Email
Notes
More
Share

Note: We will be on vacation April 13th-April 20th and there will be no posts during that time. Here for more detail.

Good afternoon. QQQs -87bpss as the hotter CPI print caused yields to spike (2 year +21; 10 year +19bps). The market is only pricing 50/50 odds of a rate cut in July now with only ~43bps worth of reductions priced in for the year. The hotter CPI print caused a reversal in the factor performance we saw the last two days with Unprofitable Tech -3.5% / IWM -2.5% / ARKK -2% while Megacap was roughly flat and consensus names down 50bps. IWM breaking down from rising wedge doesn’t look pretty. We have more inflation data on the docket tomorrow.

Keep reading with a 7-day free trial

Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 TMT Breakout
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More