TMTB EOD WRAP
Good afternoon. QQQs +3% as market cheered the Iran deal and shrugged off the Anthropic vs. USG Fable/Mythos drama. Oil dipped 4% and yields ended flat to down. Some of our thoughts on the Anthropic drama:
Will be interesting to see what comes out of it, whether some legislation around foreign access or other, some USG stake, or maybe nothing at all! Either way, I hope to get Fable back soon!
In Tech, Semis +5% led the way higher with HDDs and Neoclouds leading the way while TMT Mo was +4.5%. Hyperscalers rallied while midcap internet also saw strength.
A little late on this wrap, so let’s get straight to the recap…