Thursday 26 Jan 2023

Massive movement in technologies up to closer, bad Intel report pulled some off the table.  A good start to seeing semiconductors back as AI and Cloud will dominate in the future. 

Today’s issue covers more tech and media earnings, confusing economic data, and what payment processor earnings say about the consumer. 📰

Check out today’s heat map:

10 of 11 sectors closed green. Energy (+3.16%) led, and consumer staples (-0.35%) lagged. 💚

Bed Bath & Beyond plummeted 22% after confirming it doesn’t have enough cash to pay down its debts. It’s also already in default on its credit line with JP Morgan. 🏦