TMTB Morning Wrap

Good morning. QQQ’s -67bps as the indexes flirt with crossing trendlines from Apr 16 lows (h/t M. James at Rosenblatt):

Two names we are watching as broader tea leaves are PLTR and CVNA - two names that led us off the bottom and two names which are flirting with failed breakouts to new highs.

Yields popping again today with 10 yr +5bps. BTC flat. China +44bps.

We’ll hit up PANW and BIDU first then dive into Research/News/3p…