QQQs 15bps this morning as PPI came in a little hot and meme stocks continue to moon with GME/AMC +100%. BTC - 2%, yields flat, and China down 1%. GOOGL’s I/O conference kicks off this morning (1pm est.) with focus on any new Gen AI announcements. Biden increasing Chinese tariffs on EVs, solar, semis - speaks at noon est. Pretty slow news/research day this morning, but let’s get to it…
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