Welcome Back,

Market Headlines 👀 

• US Dec CPI came in at 3.4%; est: 3.2%. Core CPI came in at 3.9%; est: 3.8%.

• US Price Producer Index (PPI) data will be released tomorrow at 8:30 am EST.

• US weekly jobless claims come in at 202k; est: 210k.

• Bitcoin (BTC) the SEC has officially approved several spot BTC ETFs, the first product of this kind for crypto.

• Amazon (AMZN) announces buy with prime partnering with Salesforce commercial cloud, seamless integration.

• Amazon (AMZN) announces layoffs in its Twitch and Prime divisions respectively.

• Alphabet (GOOGL) announces several hundred job cuts across engineering.

SPX Heatmap 🔥 

Recap Around the Street 🧠

Looking past the ‘beat’, inflation is still trending lower as the shelter component and core goods point towards lower price pressures. The wildcard remains the still tight labor market and whether we need to see a meaningful rise in unemployment rate to achieve the 2% inflation target. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Friday, January 12th: Price producer index (PPI)

• Friday earnings: Jp Morgan (JPM), BlackRock (BLK),

  Bank of America (BAC), United Health Group (UNH), Citigroup (C), Delta Airlines (DAL) and Wells Fargo (WFC)

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

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That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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