SPY trading above mid-Feb highs, QQQs and the semis are close, GOOG being goosed up. Another call for the end of the commodity trade, silver gets creamed as expected, as do the gold miners. Others in momo-land take a beating with Under Armor, Netflix, CMG, PNRA, cloud stocks generally trading lower as is Apple. LT treasuries got a bid. I suppose all this money has to go somewhere, the programs are rotating sectors.
This appears to be due to a news report citing several “experts” who don’t think the fed will stop easy money anytime soon. After hours, AMZN blows up as does Acme Packet. Tomorrow will be interesting.