Global Macro: The fragility of the bond market remains the main theme this week as we made new highs in yields very early on and then noted bond short Bill Ackman tweeted he’s out and yields went whoosh. The entire week’s range in US 10-year yields was printed from 7am NY on Monday to 3am that night. Since then, we have had some good economic news from the US and quite a lot of bad earnings news from Europe but it all came out as a wash. Stocks took out all the big levels as the Magnificent 7 lost some of their magnificence on bad earnings from Google and momentum-driven selling. Stocks like NVDA, trading at 30X ... (full story)