Afternoon Update

Mega caps continue to support index-level gains. The Vanguard Mega Cap Growth ETF (MGK) is up 1.4%. vs. the Equal Weight S&P at -0.7%. That’s a 210 basis point margin, easily reversing yesterday’s 160 basis point margin favoring the Equal Weight S&P, and another example of the flip-flop from yesterday to today. Treasuries moved off…