Apr 7, 2021 | Daily Note

  • The indexes are trading close to flat 
  • Breadth overall is weak while the mega cap's are doing all the heavy lifting to show the indexes "UNCH"
  • Adding to a few existing shorts and putting SPY and QQQ back as trading shorts
  • Credit spreads, 5 year, 10 year rates, Stay at home vs Reopening baskets, small and micro cap