TMTB Morning Wrap Part 3
QQQs +65bps continue to rally early. Yields taking a step lower today following fed dovish comments yesterday with yields down 1-3bps across the curve - we continue to think every macro release that passes (including fed) that doesn’t change the current “goldilocks” narrative favors the bulls. PCE is next up tomorrow.
Sent out Part 1 and 2 covering META/MSFT/TSLA/NOW/IBM earnings and read-throughs earlier this morning.
Software weak to start the day on the back of NOW’s miss while flows shifting into ASICs vs. NVDA following META/MSFT comments and investors digesting Trump export news from yesterday. Let’s get to it…
OpenAI: SoftBank in talks to invest up to $25bn in OpenAI - FT
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