Heatmap Friday 20th Jan 2023

Today’s issue covers an upbeat day of bank earnings, details from Davos, and more from the day. 📰

Check out today’s heat map:

Every sector closed green. Communication services (+3.13%) led, and health care (+0.53%) lagged. 💚

In economic news, existing home sales fell 34% YoY in December to their lowest level since November 2010. Internationally, Japan’s cost of living is soaring as inflation hits a 41-year high. 📝

Layoff news continues to pile in, with Google cutting 12,000 jobs, Vox Media dropping 7% of staff, Wayfair trimming 10% of its workforce, Fandom laying off employees across its media properties, and more. ❌