That the worst of this may be behind us. And they can start thinking about what the recovery is going to look like. Someet i know we have earnings coming out. Romaine travel companies will be reporting after the bell. On booking, what we are looking at, the g1 numbers coming in at 2. 29 revenue. That was the estimate for 2. 15. Well belowitda estimates. The estimate was for 363 million. So, no real forecast here. The company did say that covid19 would profoundly impact the travel industry. We will dig deeper to see if we can find a little bit more about any Forward Guidance for the company, basically saying they would emerge from the crisis in a position of strength. Scarlet right now, this is something that all companies are open for, to come out in a position of strength. For we go, i want to get an idea from you. This is something that Joe Weisenthal posited this morning. How much do you think this equity market rally has been premised on the idea that there will be more stimulus, a
Been on the year. A lot of traders saying this could be a good time to buy vol given some of the structural issues. Keeping a my on emerging markets, the msci keeping an eye on emerging markets, the msci has swung back and forth, now up about 0. 4 . Guy the big story out of europe over the last five days, actually as well out of the United States, is that stocks have gone nowhere in a hurry. The stoxx 600 is just up 0. 3 for the week. Today a little less quiet on the volume front. This is the average volume at highs. Today is a mess of expiring of options. The blue bars here are the average volume you see throughout the day during the European Equity market session. The white lines are the actual volume today. As you can see come a big spike around 10 00 when those expirys came through. When we get the close and a little while, we will see significantly higher volume. We are getting big volume today, but very little sense of direction from european equities. Let me show you the numbers
You see this type of market action, the names that are highly speculative are maybe not the best shorts, you have to Pay Attention to the technicals of those. Such as what is the existing shortage . If it is difficult to get borrow, that means especially this type of market where the speculative names are doing quite well, those can rip on you. We are generally trying to avoid shorting names like that. We always try to avoid names with high short interest. It does get crowded, then we do either reduce risk or exit the position. Sonali how do you see the exuberance in the market right now . Do you avoid certain sectors but worry about their valuations . We generally do not usually avoid certain sectors or industries. We have done a lot of work over the past few years in the cleantech space. And you look at cleantech names on the longterm basis, many of them have fallen apart. The thing is we have found that technically, they are difficult to be short because even on days where you do no
Downgrade. Apple and amazon set to report after the bell tonight. Speaking of earnings, were going to talk to shopifys president this hour on the companys latest quarter after topping some estimates but lets begin with tech as we look ahead to apple and amazon tonight the nasdaq, as we said, worst daily performance since february, jim. Are we going to use qualcomm as a read for tonight no, qualcomm is just pa theting i. I was disgusted with that quarter. Im so tired of their hype im sorry. I have a negative attitude about them im positive about other things. I mean, at the start, once again, they do this thing, its great, its great, its great. And then you get to actually, but you know what, its bad, and its weak. Its great, its great, well, its bad, its weak, and this is post auto and handset inventory buildup and, no, im making the samsung story, the solutions to apple. But no it is not a tell now, you could say, well, look, maybe apple is coming in too hot. I think theres a theres t
Antitrust case tossed out. We will bring you the details. Scale ai skews as its valuation nearly doubles to a most 14 billion. The ceo joining us later in the hour. There is a macro bit of data we are waiting for the fed minutes coming later in the afternoon and we are basically flat ahead of that. We are still digesting some strong earnings from the tech ecosystem we are up just five points on the nasdaq. Record highs looking at 20 year yield just flat ahead of the auction we have seen bond selling often yields rising. We go back into the green just a moment. Inflation is cooling but its not cooling as much, of pound is higher and the u. S. Dollar as we see the bank of england not being able to cut at the anticipated rate that the market had wanted to see. Lets see whats happening in the world crypto because suddenly we regalvanize ourselves with the latest spot etf this one being an in him related one. For the compliance folks having to get the data and documents ready. We are curren