Operation Job Destruction Is Underway. Keep your eye on the unemployment rate in the coming months — it is likely to be a strong signal for when the Fed will pivot and begin the cool down of their tighter financial conditions. Inflation is already moving in the intended direction, but employment is being stubborn. #FINStratAwareness

You’re going to see more layoffs through Q1. You’re going to see unemployment remain the same until about 3 months out Rough range of April-June data will begin registering the layoffs. This is because the vast majority of white-collar jobs give around 3 months of severance where you cannot claim Unemployment. #FINStratAwareness

Twitter is facing a lawsuit from The Crown Estate over unpaid rent at its London HQ. The Crown Estate manages a range of assets from shops and offices to the seabed around England, ultimately owned by the British monarch. No further details were available, and a spokesperson for the Crown Estate declined to comment beyond confirming the suit. #FINStratAwareness

House Republicans to set up crypto committee after industry turmoil. House Republicans announced the establishment of a new crypto subcommittee on that will focus on digital currency following the collapse of crypto exchange firm FTX last year. The panel will be led by Rep. French Hill (R-Ark.) It aims to create clear guidelines for federal regulators* in the 'digital asset ecosystem'. #FINStratAwareness

Crypto.com cuts 20% of staff, citing economic hurdles and FTX collapse. Several hundred individuals found out on Friday that they no longer had access to Crypto.com’s systems and were being laid off. Crypto.com’s latest cuts come after similar moves by other crypto exchanges, lenders and other industry players. At least 1,500 crypto jobs have been axed this month* alone, including about 950 that were cut at Coinbase Global Inc. #FINStratAwareness

Bed Bath & Beyond reports wider-than-expected loss as possible bankruptcy looms. Bed Bath & Beyond on Tuesday posted wider quarterly losses than it projected just last week. It reported a negative operating cash flow of $307.6 million for the period. CEO Sue Gove said the company had aggressively cut costs and was on track to close the 150 stores it had previously announced it would shutter. #FINStratAwareness

Homebuyer sentiment ticks up again on signs of a market top. More consumers are coming around to economists' views that home prices and mortgage rates probably peaked last year,* according to a monthly survey by Fannie Mae. Despite the improvement, at 61.0 Fannie Mae’s Home Purchase Sentiment Index (HPSI) remained near October’s all-time low of 56.7 after gaining 3.7 points from November to December. #FINStratAwareness

Gold trades near 8-month high and analysts expect its rise to continue. Spot gold was trading just above $1,872/oz early on Tuesday morning after hitting $1,881.5 per troy ounce on Monday, its highest point since May 9. Saxo Bank’s Ole Hansen said focus this week will be on Thursday’s U.S. CPI inflation print and placed the “next major hurdle” for gold at $1,896/oz #FINStratAwareness

FTX-linked Robinhood stake worth $460 million is seized by US. The US government has seized — or is in the process of seizing — hundreds of millions of dollars worth* of Robinhood shares. The government also is taking control of assets in bank accounts that were part of a bankruptcy case involving one unit of the FTX empire in the Bahamas, said James Bromley, a lawyer leading the main FTX insolvency proceeding in the US. #FINStratAwareness

SEC pushes back on Binance.US deal to buy Voyager Digital. The purchase agreement underpinning the deal doesn’t include sufficient detail* about Binance’s ability to close the transaction, the SEC said in a limited objection Wednesday. More disclosure is needed about what Binance’s US operations will look like following the deal, along with more information about how customer assets will be secured. #FINStratAwareness