• RETAIL SALES (TUES.) • NONFARM PAYROLLS and UNEMPLOYMENT RATE (WED.) • JOBLESS CLAIMS and EXISTING HOME SALES (THURS.) • CPI INFLATION (FRI.) Unemployment rate and CPI are the January numbers delayed by government shutdown. 

• RETAIL SALES (TUES.) • NONFARM PAYROLLS and UNEMPLOYMENT RATE (WED.) • JOBLESS CLAIMS and EXISTING HOME SALES (THURS.) • CPI INFLATION (FRI.) Unemployment rate and CPI are the January numbers delayed by government shutdown. 

FUTURES Green across the board — Bitcoin also just hit $72K. If last week’s sell off was just the market having a temper tantrum, then maybe we begin somewhat of a recovery after a flushout & deleveraging event on many names. Big Tech is spending $650B on capex this year and accelerating growth. That’s the story. $NVDA reporting in a few weeks may put an exclamation point on all these big tech earnings. $SPY $QQQ $IWM $BTC

FUTURES Green across the board — Bitcoin also just hit $72K. If last week’s sell off was just the market having a temper tantrum, then maybe we begin somewhat of a recovery after a flushout & deleveraging event on many names. Big Tech is spending $650B on capex this year and accelerating growth. That’s the story. $NVDA reporting in a few weeks may put an exclamation point on all these big tech earnings. $SPY $QQQ $IWM $BTC

We now have: 1. US President with a 100,000 price target on the Dow 2. New Fed Chair who is "required" to cut interest rates 3. $2,000 stimulus checks back in discussion 4. US government buying $200 billion in mortgage bonds 5. New $1.2 trillion funding bill signed into effect 6. Trump saying USD is "doing great" after -10% drop Own assets or be left behind.

Key Events This Week: 1. December Retail Sales data - Monday 2. January Jobs Report - Wednesday 3. Initial Jobless Claims data - Thursday 4. January Existing Home Sales data - Thursday 5. January CPI Inflation data - Friday 6. 5 Fed speaker events this week More government shutdown data is on the way.

Key Events This Week: 1. December Retail Sales data - Monday 2. January Jobs Report - Wednesday 3. Initial Jobless Claims data - Thursday 4. January Existing Home Sales data - Thursday 5. January CPI Inflation data - Friday 6. 5 Fed speaker events this week More government shutdown data is on the way.

US job openings are now at recession levels: US job openings dropped -386,000 in December, to 6.5 million, the lowest since September 2020. Over the last 2 months, job openings have declined -907,000, the biggest 2-month drop since March 2023. The number of available vacancies has plummeted -5.6 million since the March 2022 peak. This is now below levels seen before the pandemic in 2018 and 2019, at ~7.0 million. As a result, the ratio of available vacancies to unemployed workers is down to 0.87, the lowest since February 2021, and significantly below the pre-pandemic high of 1.24. This is also below the levels recorded during the 2001 recession. US job market weakness is accelerating.

US job openings are now at recession levels: US job openings dropped -386,000 in December, to 6.5 million, the lowest since September 2020. Over the last 2 months, job openings have declined -907,000, the biggest 2-month drop since March 2023. The number of available vacancies has plummeted -5.6 million since the March 2022 peak. This is now below levels seen before the pandemic in 2018 and 2019, at ~7.0 million. As a result, the ratio of available vacancies to unemployed workers is down to 0.87, the lowest since February 2021, and significantly below the pre-pandemic high of 1.24. This is also below the levels recorded during the 2001 recession. US job market weakness is accelerating.

JUST IN: U.S. recorded over 108,000 job cuts last month, marking the worst January since the Global Financial Crisis.

JUST IN: U.S. recorded over 108,000 job cuts last month, marking the worst January since the Global Financial Crisis.

BITCOIN BOUNCES AFTER 50% CRASH Bitcoin rebounded nearly 6% after briefly falling more than 50% from its October peak, touching near $60,000 before climbing back to around $65,700. The selloff was driven by liquidations and leveraged position unwinds, not a clear fundamental trigger. Ether and Solana also dropped sharply before recovering. Volatility has surged, ETF outflows hit $434 million, and over $2 billion in crypto positions were liquidated. Traders are now watching whether Bitcoin can hold the $60,000 level — a break could push prices into the mid-$50,000s

BITCOIN BOUNCES AFTER 50% CRASH Bitcoin rebounded nearly 6% after briefly falling more than 50% from its October peak, touching near $60,000 before climbing back to around $65,700. The selloff was driven by liquidations and leveraged position unwinds, not a clear fundamental trigger. Ether and Solana also dropped sharply before recovering. Volatility has surged, ETF outflows hit $434 million, and over $2 billion in crypto positions were liquidated. Traders are now watching whether Bitcoin can hold the $60,000 level — a break could push prices into the mid-$50,000s

$HOOD is now down ~40% since I said the bull run was likely over on Jan 4… and I still don’t think the bottom is in. Monthly BX flipped red which turns every bounce into a sell-the-news trap for me.

$HOOD is now down ~40% since I said the bull run was likely over on Jan 4… and I still don’t think the bottom is in. Monthly BX flipped red which turns every bounce into a sell-the-news trap for me.

The last time Wall Street got a piece of Elon's $1B $TSLA share buy price, they ran the stock up to the all-time high over the next 20 trading days. Not a prediction, just a history note

The last time Wall Street got a piece of Elon's $1B $TSLA share buy price, they ran the stock up to the all-time high over the next 20 trading days. Not a prediction, just a history note

BREAKING: MicroStrategy, $MSTR, earnings: - EPS: $-42.9, est: $-20.9 - Revenue: $123 million, est: $118 million

BREAKING: MicroStrategy, $MSTR, earnings: - EPS: $-42.9, est: $-20.9 - Revenue: $123 million, est: $118 million

$MSTR EARNINGS: BIG MOVE EXPECTED MicroStrategy reports earnings after the close. • EPS est: $2.97 (range: –$37.03 to $50.75) • Revenue est: $118.5M (FY: $476.1M) • 30-day EPS revisions: –262% (0 up, 3 down) • Short interest: 10.96% • Implied move: ±8.7% • Consensus: Buy, price target $422 • Earnings call: Feb 5, 6:00 PM ET