Kathy Wood spoke to you guys about market dislocation.

She said that about five times.

And when it comes to tech, that is really the big question.

As we start off on this Monday morning,

quality versus unprofitable, value versus growth.

So big task for some of those names in the latter group that

comes tonight in the form of Zoom. Classic case here of a product that got its

clock cleaned by Microsoft Teams, Google Suite, that dreaded bundle we talk

about so often. It's DocuSign as well. It's Twillio and even Slack bought by Salesforce, which reports on Wednesday, by the way. One note this morning says that investors are pondering a Slack spinoff or even a Tablo spin-off that's another

buzzy software name that Bennyoff picked up in 2019 that may or may not be

living up to its promise for investors and has the activists circling. Those

questions are going to come up in the next week with a lot of these names reporting.

How much Deirdre have have investor expectations been reset around some of these stay at home

COVID winners that have all, you know, given back a lot of business

and now had to adjust completely on their cost structure.

Well, they were reset last year.

Remember, they had these huge valuation runups

during the pandemic, and then they came back down to earth.

But this year has been really remarkable

because a lot of these names,

I'm profitable specifically, have seen these huge runups, like Zoom is up about 10% so are we going to get

the fundamentals to justify that the big theme of course is now profitable

...