Ended up being a VERY strong day for risk markets, together with a significant rotation into lagging securities. It was powered by: Conviction investors with micro confirmation of the "win-win" hypothesis; A lot more short covering; and FOMO in full force. The result: A 500 point Dow surge, out-performing the NASDAQ, and a 7 bps spike in 10-year yield to 0.76%. #trading #investors #nasdaq #stockmarket #stocks #securities #equities #investments #full …see more