Brian Stewart

On the economic front, we've got consumer confidence.

We have PPI.

It's kind of a light week in terms of economic reports.

We recently had PCE come out.

It was hotter than expected.

You had core PCE up 3% in December.

So a bit of a worrying.

We had kind of gotten used to inflation in sort of like the 2.3 to 2.8% range.

So above the Fed's target of 2%, but kind of within a reasonable margin of error.

Now you have a number at 3%.

You have potentially the new Fed chair coming in.

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?