Week Of Action-Packed Economic Data By Benzinga

Benzinga – 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 (NYSE: FIS)
• Cadence (NASDAQ: CDNS)
• Arista (NYSE: ANET)
• Palantir (NYSE: 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 (CRYPTO: BTC) 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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