Good afternoon. QQQs -35bps as BTC rallied 7%. Crude +2% and yields finished +3-5bps across the curve. ARKK +1.7% outperformed on the back of fintech strength.
In internet, PINS +3.6% as MS had a call with Ben Legg who flagged GOOGL ads are starting to show up on PINS in the US, which compares to original commentary that was only going to be international. PINS has been a dog intra-q, but as we wrote yesterday we think previews will be positive (even more so now that GOOGL is ramping) and we don’t think shorts will want to be there for the print. Large cap was weak given EU DMA news with META -1% and GOOGL -50bps. AMZN left out of the complaint +50bps. TTD continues its recent strength +3%. CART +1.3% on better M-sci data and a positive JPM write up detailing the bull case. MTCH -1% despite news that they were being more friendly with activists - investors still question what exactly activists can do here. CHWY -7% continues to follow through to the downside post last week’s ea…
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