TMTB: EOD Wrap

Good afternoon - early one today...QQQs up 20bps as unprofitable tech rallied as yields dropped 2-5bps across the curve and investors began to expect a potentially weaker CPI print on Wed (MS out with a call today saying they expect inflation to begin to surprise to the downside with next week’s April’s CPI print). The last few CPI prints, we’ve seen IW…