Monday's Market Minute: The First Full Trading Week of the Year

Looks like a busy one, with the focus for investors and traders on earnings and economic data. Let’s begin with some numbers to keep an eye on. We start the week off with Jerome Powell on Tuesday, and a handful of numbers that will probably get little attention relative to those due out later in the week—Consumer Credit due out Monday and the NFIB Tuesday, while a look at the MBA Mortgage Apps and the Atlanta Fed Inflation Expectations come out Wednesday.

But the real focus in terms of data for the week will be on Thursday, when we get a look at the CPI and Jobless Claims. We end the week Friday with Import and Export Prices, Consumer Sentiment figures, and the Baker Hughes Rig Count. I mentioned Powell on Tuesday, but this week we’ll also hear from Raphael Bostic, James Bullard, Thomas Barkin, and Patrick Harker. However, the primary focus in terms of economic data by far will be the inflation figures.

We’ll also get our first look at 4Q earnings with the banks front and center. JPMorgan JPM, Citigroup C, Wells Fargo WFC, and Bank of America BAC will be closely watched at the end of the week. We’ll also hear from Tilray TLRY, WD-40 WDFC, Albertsons ACI, KB Home KBH, UnitedHealth UNH, and Delta Airlines DAL.

Lastly, as we begin the week there’s a fair amount of attention and optimism directed to further easing of travel restrictions in China. As the reopen trade continues to develop, WTI Crude Oil is up and back above $76 to begin the week. Gold is also higher and to levels not seen since May with the U.S. Dollar Index futures back to 103.50. And if you’re keeping an eye on commodities, we have the WASDE report due out this week as well. So, lots to keep an eye on. Trade well!

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