Caroline Hyde

Is software still loved at the moment, having been so beaten up last week?

And the hardware sell-off is just a little bit crimping some of that respond feeling of the day.

I'm looking at

A risk-off feeling in crypto.

Bitcoin off by 1.4%.

We're still at 69,000, so well off the lows of last week.

But it's still the moon music not strong, particularly in ETH.

We're off by 4.6%.

So still looking for a direction and really where the asset class buying comes and steps back in.

Move on to what's happening underneath the hood of the benchmarks.

Because, look, we are seeing significant gains for Spotify.

I might add it has been crushed leading up to these numbers.

So we're still down on the ETH.

In terms of a one-year basis, we're up 15%, almost a record move on their shares after their addition to monthly average users really eclipsed expectations.

Snap gets an upgrade.

It's really seeing that you could be buying into the strength of subscriptions for this company.

Datadog, check that out, up 16%.

Again, software was beaten up, but Datadog giving an earnings report that steadied some of those nerves, Ed.

That's it, isn't it?

That's the read across.