the managing director sylvia jablonski joins us now in new york.reat to have you with us, thank you for coming in. we're hoping the tech earnings face the equity route but it seems like were seeing disappointing results. can we expect things to change, or is this volatility just quite normal at this time in the cycle? sylvia: i think this volatility is slightly surprising. today we came in and saw a lot rallying, the major indices rallied and i think investors were hopeful that if anything can reverse the market and get us back into it up trend, it will be tech. expectations were high and they were not met. what we see now is the probably will be some volatility in the sector. we saw it on our side, we saw from bear funds fun this morning based on expectations for positive growth from alphabet and amazon, and that didn't happen, so i would expect some volatility in tech tomorrow. renouncing financial conditions around the world continue to tighten. this chart showing u.s. liquidity falling, global financial conditions and all this as the purple lin