Brian Stewart

He's still got to make his way through the...

the approval process, but the perception is that he's going to be dovish, that rates are going to come down.

But if inflation is creeping up in the medium term here, it might not give him as much of a green light as we thought.

So that's a little concerning.

Looking to earnings, like we said, Nvidia is going to be the big one next week.

However, we also have Home Depot, we have Lowe's.

So we're going to get a glimpse of both the housing market in terms of home improvement, but also retail and consumer.

And we also have Salesforce.

And I think that'll be interesting just sort of on the continuing AI conversation, like how much is AI driving revenues at a company like Salesforce?

What is sort of the business landscape?

Like what are their customers saying?

Are they buying more stuff?

Are they confident in the future?

Are they starting to cut back?

So I think that'll be sort of an important commentary of coming out of Salesforce that I think will be interesting for the broader market.

So I think that still looks cloudy.

We had GDP come out this week as well, up 1.4% in Q4, which is down from 4.4% in Q3.

So you see kind of a slowing economy, though, still positive, like we saw last week.

The last jobs report that came out showed better than expected job growth, some of the best job growth in a few months.

However, we saw revisions for 2025.