Good morning. QQQs -25bps as we have another day of JPM’s TMT conf; MSFT’s Build conf and GOOGL’s “Marketing Live” (here) conferences start at noon est. DELL also has a 1pm keynote “making AI real” at Dell World(here). No pre from MU at JPM this morning as some expected but they guided capex to $8B (from $7.5B - $8B) due to HBM and talked positively around supply/demand and price increases through 2024. BTC +2.5%; China -1.5%; yields down slightly. Relatively slow news/research day as all eyes on NVDA tomorrow….Let’s get to it…
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