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 100bps for the year. IWM +2.4% underperformed while BTC +8%, SOX +6.8%, and ARKK +4.6% outperformed. How fast things can change in this mkt…Let’s get to it….