Daily Wrap

Another day and another record high for the NASDAQ and S&P with some astonishing gains in the mega-caps. As a group, the FANG stocks gained the most today since April 6th. Facebook (FB +8.2%) rose 8% on no news, Netflix (NFLX  +11.6%) rose 11% on no news, but perhaps buoyed by the stay-at-home trade bias….