#finneweek
Main Events:
The U.S. national debt has reached the $31.4 trillion limit. Congress may raise it, but political battles await us before then. Politicians have until the summer.
Elon Musk may have violated insider trading laws during the last Tesla stock sale. He lost the most money in the world last year, and 2023 didn't start off well either.
Microsoft will fire 11,000 people and Google will fire 12,000. Such is the game of who's bigger... But investors are expecting a soft landing of the economy without a recession.
Summary:
U.S. inflation speaks for growth, the Fed is scaring up rate hikes again, and the government debt story could go sideways. Also, the S&P 500 never broke the global downtrend, so markets remain in a phase of total uncertainty.
Quotes:
S&P 500 - 3,972 (↓0.65%)
gold - $1,925 (↑0.27%)
Oil Brent - $87.70 (↑2.79%)
USD INDEX - $101.99 (↓0.19%)
