Zaid Admani

The S&P was down 0.4% last week, while the NASDAQ fell just 0.1%.

The

Real action last week and pretty much the entire year has been in metals.

Gold crossed $5,000 for the first time ever and continues to rally today, hitting $5,100 an ounce.

And silver crossed $100 an ounce last week and is up to $110 today.

So metals continue to rip as investors buy it up as a hedge against the U.S.

dollar and geopolitical uncertainty.

We'll see if stocks can find some momentum this week because we have a stacked week coming up.

It's like the Super Bowl for investors.

Over 100 companies from the S&P 500 are reporting earnings this week, including some heavy hitters like Tesla, Microsoft, and Meta, which report earnings on Wednesday, and then Apple, which reports earnings on Thursday.

These earnings are going to be huge because the entire stock market narrative could change based on what these big tech companies report and what they say about AI spending.

Now, on top of earnings, we also have a Fed meeting this week.

Now, the markets aren't expecting a rate cut at this meeting.

According to the CME FedWatch tool, there's only a 3% chance of a rate cut, but this will likely be a very interesting meeting because of everything happening at the Federal Reserve right now.

Remember a couple of weeks ago, Jerome Powell revealed that the Federal Reserve was under criminal investigation by the DOJ.

Jerome Powell says that it's in retaliation by the current administration for the Fed not cutting interest rates more aggressively.

So I'm sure Jerome Powell will get a ton of questions about this at his press conference on Wednesday.

Historically, he's avoided answering questions about Trump,

But that might change now.

So between the big tech earnings and the Fed, this week could set the tone for the rest of the quarter.