TMTB Mid-Morning Wrap

Heading out before the close so sending this one out early. QQQs -30bps taking a bit of a breather after yesterday. Fed expectations aren’t shifting too much, w/the market still pricing in about 70bp worth of cuts over the year’s final two meetings. The DXY is rallying 27bp (it is spiking 118bp against the JPY after the BOJ’s rhetoric took a very slig…