Good morning. QQQs +1.4$; BTC +1%; yields ticking up again. Futures being driven by IWM (+1.75%), Mega caps (MSFT/AMZN/GOOGL +1.5%+) and AI Semis which are being helped by top line SMCI guide, which implied much better Hopper revs in 2H. Travel names down following ABNB miss + weaker DIS parks revs….
We’ll go over early morning earnings first (SHOP, LYFT, DIS, DT), then earnings from last night (SMCI, ABNB, FTNT, UPST, CART, RDDT), then some news/research from this morning. Let’s get to it (excuse typos pls, lots to get through)…
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