Trads had a mixed session, with $SPX -60bps but NASDAQ +82bps as FAANGs up +1.2%. $AMZN and $MSFT making all time highs again. FANMAG is now 27.5% of the $SPX, usurping an equivalent measurement of concentrated stocks from the dot-com era.
In bonds, 10yr yields drop to 62bps.
2/2