On Tuesday, the flow action started the session off sloppy with selective defensive tech names seeking bullish positioning, while inflation and reopening plays were littered with protection.
Flow cleaned itself up through the mid-session once morning put buying dried up and intraday sentiment flashed some green rates continue to head lower and dominate the tape with aggressive rotation into deflationary issues. First, it was the underbelly of growth that got this rotation started and now the scramble has been focused on the likes of...