Good afternoon. QQQs -44bps led by lower by semis -1.4% and AAPL -3%. Otherwise, software and internet performed well and SPX finished +15bps as market awaits fed decision on Wednesday. Treasuries gained on Monday w yields dropped 2-5 bps across the curve and market now pricing in 42bps worth of rate cuts this week.
Fairly slow day out there. Let’s get to the recap…
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