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- Catalysts: Earthquakes & Balloons
🌞GM🌞
Today we have: Balloon Diplomacy, market shifts, and earthquake in Turkey + Syria.
Let's jump in--
Technology 🦾
Dell Technologies Inc., facing plummeting demand for personal computers, will eliminate about 6,650 jobs. This leaves Dell at its lowest headcount since 2017. (BBG)
Apple hints at de-lux iPhone models incoming. (BBG)
🧿: Apple recently posted weaker than expected earnings but the company's stock is up more than 7% since. Apple, like Meta has gathered such a massive consumer market through their iPhone ecosystem and we're certain they have a few more tricks up their sleeve, including their incoming mixed-reality headset.
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Economy📊
Mortgage applications have shot up by over 25% since the end of last year. A measure of signed real-estate contracts rose in December after six months of declines. And the number of people contacting real-estate agents to start the buying process has rebounded from a November low, according to brokerage Redfin's internal data. (WSJ)
🧿: As home prices cool and the Fed points towards a distant horizon with lower rates, mortgage applicants appear like mushrooms. Interest rates are the root of all things money and behavioral.
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🧿: Amidst the tech company purges incredible things have been born in this enlightened era of technologies galore. There are lists and chat groups, social platforms and Slack channels where you can find a job without filling out your resume and uploading it twice. We'll share these as we discover good ones.
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Money markets shifted on Friday to show traders now believe the Fed will lift the Fed Funds rate above 5% and keep it there to squeeze too-high inflation out of the economy. With unemployment rate at a more than 50-year low, it's hard to see the Fed feeling any pressure to cut rates. (RT)
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Macro 🌎
Deadly tremors | Some of the most powerful earthquakes in decades hit the Middle East on Monday, killing more than 1,000 people in Turkey and Syria, and forcing a halt in crude oil flows to a key export terminal.
🧿: This Turkey halted oil flows through pipelines to its Ceyhan export terminal on the Mediterranean coast as a precaution following the earthquake according to officials. Let's watch the effect this has on energy markets today. Here are some good principals and resources to help.
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Digital Assets⚡️
All of the FTX TV series and films in production right now. (Decrypt)
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Meme Digestif ☕️
