Week Of Action-Packed Economic Data

Good Morning Everyone!

Elon Musk sat next to Fox News owner Rupert Murdoch at the Super Bowl last night. He confirmed they were talking about Dogecoin. Nature is healing.


Prices as of 4 pm EST, 2/10/23; % YTD


MARKET UPDATE

This week: action-packed Economic data

  • CPI, hourly earnings, manufacturing data, housing starts, initial jobless claims, PPI and more

Tomorrow  U.S. CPI +6.5% y/y in December

Wednesday  January retail sales In December, down 1.1% month-over-month

Thursday  January PPI In December, up 6.2% y/y

Crude 79 -1%

  • Restart of Azerbaijani oil shipments from the Ceyhan terminal in Turkey

Earnings

  • Fidelity National Info FIS

  • Cadence CDNS

  • Arista ANET

  • Palantir PLTR


CRYPTO UPDATE

Tether dominance

  • Total stablecoin market cap ~$138.5 billion

  • Market share:

    • Tether (USDT) 49.39%

      • $68.4 billion circulating supply

    • USDC 29.76%

      • $41.2 billion circulating supply

    • BUSD 11.63%

      • $16.1 billion circulating supply

Weekly digital asset fund flows

  • Net outflows of $7 million

    • Bitcoin BTC/USD outflows: $10.9 million

  • Short-Bitcoin outflows: $3.5 million

  • Multi-asset products 11 straight weeks of outflows

  • 10 altcoins saw inflows (totaling $4.8 million)

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