HeatMap 16 Feb 2023 - up and then massive down at close 

Check out today’s heat map:

Every sector closed red. Consumer staples (-0.72%) led & consumer discretionary (-2.15%) lagged. 🔻

DocuSign joined the layoff trend by cutting 10% of its workforce (~700 jobs). ✂️

In crypto news, reports indicate that Binance moved $400 million from a U.S. partner to a firm managed by Binance CEO Changpeng Zhao. The U.S. Securities & Exchange Commission (SEC) has charged Do Kwon and Terraform with fraud related to the Terra collapse. And Bitcoin poked back above 25,000, closing at its highest level since June 2022. ₿