Welcome Back,

Together with Carbon Finance:

Market Headlines 👀 

• US weekly jobless claims come in at 187k; est: 205k.

• JP Morgan (JPM) confirms the company sees 45 billion or more hack attempts daily.

• OpenAi announces first partnership with a college, Arizona State University beginning in February. ChatGPT enterprise will provide students access to tutoring, coursework, and research.

• Apple (AAPL) will face a US anti-trust lawsuit as early as March.

• Alphabet (GOOGL) CEO laid out company plans in a memo Wednesday, citing more job cuts can happen this year.

• European Central Bank (ECB) President Lagarde said in her comments they are considering rate cuts this summer.

• Nvidia (NVDA) Nvidia and AMD shares continue to hit new record highs on Thursday.

• Reddit the social media platform is gearing up for a IPO as early as this March.

• Meta Platforms (META) Sheryl Sandberg is officially set to leave Facebook board after 12 years.

• Macy’s (M) announces job cuts affecting 2,300 employees or 3.5% of its workforce.

Earnings 💸

• TSMC (TSM)

  • EPS: $1.44 beats (exp. $1.37)

  • Revenue: $19.62b beats (exp. $19.45b)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Per the Sentiment Trader, two consecutive days of 85% down volume on NYSE has followed the recent 52 week high in the S&P. It is the only day in 60 years a new high was followed by consecutive 85% down volume days. The last time? 10/5/1979. H/t Bear Traps Report. (Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Money piling into money markets and CDs reflect peak fund yield chasing just as the Fed is about to embark on a rate cut campaign.(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

Market Preview 🎞️

• Friday, January 19th: University of Michigan sentiment/expectations/current conditions; existing home sales; Monthly options expiration

• —> 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!

Enjoy reading?👇

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

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