Good morning - QQQs +40bps; BTC -50bps and yields flat this morning. Software off-season earnings not off to a great start with WDAY and INTU missing following SNOW’s mixed results yesterday. . After SNOW’s mixed April consumption comments, WDAY mgmt talked up new macro headwinds yesterday. IGV now +3% vs semis close to +40% for the year. Barrons writes up AMD as the “Pepsi of the semi industry” this morning…Let’s get to it…
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