TMTB: EOD Wrap

Good afternoon/evening. A little late today, but let’s get to it…

QQQs -45 bps with a big reversal intraday after being up 1%. Even the SOX -2bps finished in the red despite NVDA’s +9% rally. Momentum/Megacap outperformed today and non profitable tech basket fell 4%. Heard several reasons for today’s weakness (yields ticking up, growing list of consu…