Brian Stewart

There was an initial tick up on the market with the idea that, okay, we've sort of passed the tariff situations.

Now the Supreme Court killed it.

I don't know how true that is.

It's going to kind of depend on how married to the idea of tariffs the Trump administration is, how much they're going to push it even in the face of

current ruling.

So yeah, so remains to be seen.

And next week, there's a State of the Union address.

I'm sure Trump will talk about the tariff situation.

It's just kind of a reminder that these external factors can still jump in and affect the market.

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.