so let's bring in jonathan krinski. why investors are seeing more risk out there and want to be more averse to it. does this, though, spell the end of this particular bull run we've had so far in 2023? >> dom, good to see you. look, i think when you look at the market in 2023, it continues to be a tale of two cities, if you will. we know s&p and nasdaq cap weighted have done very well. if you look at below the service, equal weight, mid caps, small caps, they're all hitting actually multimonth if not multiyear relative lows to those markets. most of those indices remain 5, 8, 9% below where they were even in february. it's a bit of a bifurcated market. and we continue to see more signs of breakdowns when we look at the deep cyclical areas, the financials, retail, the restaurants. we were on with scott talking about the restaurants, and that makes sense as we've seen crude oil continue to push to the upside. there's an inverse between crude and the restaurants. there's just a lot of things under the surface that are inco

jonathan krinsky, now to kristina partsinevelos again on semis. what do you see today?lower, nvidia's among the five worst nasdaq performers. it's down about 3% last i checked right before the commercial break, yeah, 3%. there's no particular news catalyst. however, to date, microsoft announced it would be backing ai startup dematrix which designed chips like chatgpt, it could be seen as competition to nvidia at least in the future. nvidia is on pace to snap a three-week win streak. i have to point out, it is conference season and many of these chip leaders are taking to the stage. intel, for example, its shares reversed course after its cfo took the stage at a citi tech conference earlier today to say intel's third quarter is tracking above its midpoint, specifically data center business is expected to be lower quarter-over-quarter because of customer inventory reductions. it's tracking better than anticipated. other notable movers, amd is about 1.5% lower and 18% off its most recent june high. yesterday's ceo lisa su expressed confidence in hitting near-term targets i