−5%0+5%−4.2%−1×+4.2%+1×DeepSeek 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%CPI release for January 2025: +0.5% on the month, core +0.4%Producer prices for January 2025: +0.6% on the month