Big-Tech, Bond Yields, & Black Gold Dump Ahead Of Warsh's Big Day

Tl;dr: The 'broadening out' trade thesis continues to build, with the S&P outperforming as tech was dumped (only The Dow closed green). Semis were slammed on MSFT cxling an ORCL cloud deal. Oil's continued relief-rout dragged down bond yields (and an ugly housing starts print) and the dollar with gold managing small gains. Bitcoin tracked tech lower as SPCX took off.

Oil