Good morning. QQQs -40bps down slightly to start day weighed down by AAPL after weak initial iPhone 16 checks. MSFT co-pilot event today at 11am est. This week we have analyst days from CRM (Tues), WDAY (Tues), CRWD (Wed), HUBS (Wed) and GLW (Thurs). BTC -2% / FXI +60bps as Asia was closed on Monday, Yields flat to down 3bps. It’s Fed cut week as market is pricing in 40bps worth of cuts from the FOMC on Wed and 120bps worth of cuts for the year. Let’s get to it…
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