TMTB EOD Wrap

Good afternoon: QQQs +40bps, but more interesting movement underneath the surface as some good news on the Mag 7 laggards - AAPL + TSLA - and some bad news on outperformers - META + GOOGL drove some unwindy action in Megacap. Otherwise, fairly quiet day as market waits for Powell + Earnings the rest of the week.

BTC -1.5%; China +70bps; Oil -1.3% as yields ticked down 1-4bps across the curve.