TMTB: EOD Wrap

QQQs +50bps as yields fell 6-12bps across the curve (due primarily to the softer ISM). The odds of a Fed cut by the 9.18 meeting rose to 70% and the market is now pricing in 40bps worth of aggregate rate reductions for the year. Both non-profitable tech and Megacap rallied today led by META and NVDA.

GTLB -1% after the close after a topline beat street…