Good: Housing Starts exploded higher (for renter nation as home-buyer affordability remains at record lows); and Hedge Funds had a yuuge winning day (as their favorite shorts were dumped).

Bad: Building Permits puked (as the supply of homes for sales surges); Gold & Crypto traders suffered some pain as expectations for Powell's speech on Friday started to lean a little more hawkish

Ugly: Meme stock, Mag7, and Momentum traders were clubbed like a baby seal today (with momo longs monkeyhammered most)