Heatmap Wed 18th Jan 2023 

Check out today’s heat map:

Every sector closed red. Communication services (-1.21%) led, and consumer staples (-2.73%) lagged. 🟥

Carvana shares fell 4.5% after the automotive retail company adopted a “poison pill” to protect its net operating losses and itself from a potential hostile takeover. Additionally, the company is selling up to $4 billion of auto loans as it restructures its finances. 💊

I very much down day taking profits and waiting for market guidance.