HeatMap 13th Monday - Upside made waiting for the CPI Print

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HeatMap 13th Monday - Upside made waiting for the CPI Print 

Check out today’s heat map:

10 of 11 sectors closed green. Technology (+1.73%) led, and energy (-0.25%) lagged. 💚

Inflation is center stage with week, as India’s retail inflation tops its central bank’s 6% tolerance level again in January. Meanwhile, as signs of recession moderate, European countries are looking to pare back the high debt loads used recently to keep their economies afloat. 🥵

Layoffs were top of mind, with Twilio laying off 17% of its workforce amid a reorganization that prioritizes profitability. Meanwhile, Meta’s chief business officer is leaving the company after 13 years, as morale remains weak and more cuts are rumored. Also, another prominent law firm is reducing its workforce after a rough 2022. ✂️

Uber shares fell over 2% on news it’s closing its data centers and signing a seven-year cloud contract with Oracle and Google Cloud. 🌥️


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