Good afternoon. QQQs down and up to finish around flat for the day as anxious investors await NFP tomorrow morning. Semis -60bps and IWM-50bps underperformed while BTC-3%. ARKK +1.7% on the back of ROKU and TSLA.
Every piece of macro news is having a heightened effect on markets as it tries to figure out the soft vs hard landing debate in front of the first rate cute. Yields fell 1-4bps across the curve and 2-10 spread fell back into inversion territory while market prices in 35bps worth of cuts for the 9/18 meeting. Lets get to the recap…
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