TMTB EOD Wrap

Good afternoon. Nice bounce back day as QQQs +3% began to rally after a modest downtick in initial weekly claims was enough to erase some of the growth/recession fears engendered by the job report last Friday. Treasuries sold off in the risk n environment with yields up 4-8bps across the curve and the market now pricing in 40bp in cuts in Sept and 100bp…