−10%−5%0+5%−1.8%−1×+1.8%+1×Jobless claims for the week to Jan 18, 2025: 223,000 (+6k)Trump signs an executive order on digital assetsDeepSeek triggers a global tech sell-offFOMC: holdJobless claims for the week to Feb 1, 2025: 219,000 (+12k)Jobs report for January 2025: -467k, unemployment 4.0%