TMTB Morning Wrap

Good morning. Futures -16bps on a fairly quiet morning. QQQs +1.5% YTD so far but a lot of gains confined to a narrow leadership of stocks (Memory, Semicap, AMZN). Stocks in Asia Mixed overnight: TPX -0.77%, NKY -1.06%, Hang Seng -0.94%, HSCEI -1.14%, SHCOMP+0.05%, Shenzhen +0.11%, Taiwan TAIEX-0.46%, Korea KOSPI +0.57%.

BTC -1%. Yields down 1-3 bps across the curve.

Let’s get straight to the good stuff…

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