QQQs +1.2% as the market continues to grind higher ahead of the firehose of earnings we are about to take in over the next several days. Unlike yesterday, QQQs outperformed IWM -50bps and ARKK -20bps as SOX +2.6% led us higher helped by AI names and better earnings from CDNS. Nice to see MRVL join NVDA and TSM as latest AI semi to hit 52wk highs. BTC +4.5% breaking through $72k in a signal risk on is en vogue. We’ll be here recapping all key earnings post close: RDDT, SNAP, GOOGL, AMD. Let’s get to it…
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Large cap well bid all day: META +2.5%; GOOGL +2%; AMZN +1.5% despite a slight downtick in weekly NA retail data from Yip; NFLX +1.5%
CVNA +2% as units somehow continue to accelerate into the stratosphere - latest 3p data showing 70% unit growth in latest week
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