Let's head on over to Fintech TV correspondent Mark Payton who's live from the CBO trading floor. Hey Mark, good afternoon. So get us caught up on what you're seeing over on the floor at CBO.
Good afternoon, Remy. Starting with the S&P 500, we're seeing some strength build this morning with the S&P up about six-tenths of a percent. The VIX is still around that 15.5 mark. Not a lot of movement. So, despite everything investors are watching right now, from geopolitics to oil and interest rates, volatility remains relatively contained. And at that 15.5 level, we're still well below that 20 level we always talk about. that's affiliated with more stress. And then on to small caps, the Russell 2000 is also in positive territory this morning, showing some relative strength. So overall, we're seeing a broader move higher as we head toward the middle of the trading day here.
Yeah, and as we kick off a new trading month, it goes without saying that earnings season is winding down, but we're still awaiting reports out from Broadcom as well as HPE today. So give us a sense of what polymarket traders are expecting.
Yeah, this is interesting. Polymarket traders are expecting beats from both. Let's start with Broadcom. Right now, Polymarket is putting about a 96% chance on Broadcom beating $3.24 a share. But the really interesting part of this may be what prediction markets are telling us about AI. Polymarket traders are putting about a 78% chance on Broadcom reporting more than $16 billion in AI revenue. But move that number up to $17 billion, and the odds fall to about 39%. At $18 billion, they drop all the way to about 70%. So the prediction market is giving us a pretty clear range. Traders, they expect a strong AI number above 16 billion, but they are much less convinced Broadcom gets to that 17 billion or higher mark. And then when we move to Hewlett Packard Enterprise, PolyMarket is currently putting about a 92% chance on HPE beating 93 cents a share. So prediction market traders are also very confident about HPE heading into tonight's report. And this gives us two different reads on the AI trade. Broadcom gives us a look at AI chips and semiconductors. HPE gives us a look at servers, networking, and the infrastructure needed to build out AI. So prediction markets are expecting beats from both, but Broadcom may give us more interesting read on just how strong AI demand really is, and we'll find out all this information tonight after the bell.
Well, Mark, as you mentioned, only a few more hours to go until the market close. So that means we will be getting those results and we'll see what the market reaction is. So thank you so much for joining us, Mark. Appreciate your time as well as your insights.
