Good afternoon. QQQs +81bps helped by positive EPS at TSLA, NOW, and LRCX last night. Treasuries rebounded thanks to some dovish data with yields down 4-5bps across the curve although Fed expectations didn’t shift much. BTC +2.4% while ARKK +3.5% outperformed helped by TSLA. Let’s get to it.
Semis
TER -10% guiding below street on Q1 citing seasonality in robotics but also commen that HBM test TAM will flatten or reduce in 2025
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