The Nasdaq and Emerging Markets lose steam with bond yields jolting higher. This driven by expectations for higher inflation, more treasure supply and fears the Fed will shrink its balance sheet earlier than forecasted. James helps us understand. 

To boot, PLUG announced the sale of $1.8B in common stock to the public, sending our crown jewel down double digits. All in all, a bit of a rough patch for the Degenerate Portfolio.

However hope springs eternal with TIGR, the so-called Robinhood of China, drumming up unusual call activity. This could bode well for Chinese equities overall.

In other news, the Congress of America yelled at the CEO of Robinhood and DFV. The only bipartisan issue: a distaste for short-selling. But in the end, it was merely theater.