TMTB EOD Wrap

Good afternoon. QQQs +45bps finishing the week +5.5% — quite a turn in sentiment this week - not only in the overall market but also in AI sentiment on the back of ORCL, GS TMT Conference (jensen, MSFT CTO, etc.), and OpenAI’s strawberry release. IWM +2.5% and SOX +1.7% the big outperformers today. Yields fell 1-5bps across the curve while the market continues to price in 38bps worth of cuts on 9/18 and 117 for the year.

Let’s get to the recap…