Coffee With Greta: Inflation Week

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DJIA Futures: -46 (-0.1%)

SPX Futures: -2 (-0.04%)

NASDAQ Futures: -10 (-0.1%)

Good morning friends!

Futures are slipping as traders get ready for an important week of data for the Fed. 

Let’s get right to it!

Important Week

This will be a much busier week for traders, focused on inflation.

The economic data begins with the release of the January CPI Tuesday morning. 

That’s expected to show headline inflation pressures rose 0.2% monthly and 2.9% annually in the first month of the year. 

Thursday will be the busiest day of data with weekly jobless claims, the Empire State manufacturing survey, Philly Fed manufacturing survey, import prices, and retail sales all released before the market opens. 

Then the February homebuilder sentiment index will be released later in the morning. 

On Friday, traders will get January housing starts and building permits data plus the January PPI ahead of the open. 

The data concludes for the week with the University of Michigan’s consumer sentiment index later Friday morning. 

Earnings Season Continues

Earnings will continue to roll-in this week on top of that economic data with 61 S&P 500 names scheduled to report.

Here are some of the highlights: 

  • Tuesday AM: Coca-Cola (KO), Shopify (SHOP), Hasbro (HAS)
  • Tuesday PM: Airbnb (ABNB), Robinhood (HOOD), Lyft (LYFT)
  • Wednesday AM: Sony (SONY), Kraft Heinz (KHC)
  • Wednesday PM: Cisco (CSCO)
  • Thursday AM: Deere & Company (DE)
  • Thursday PM: DoorDash (DASH), Coinbase (COIN)

Oil Prices Fall

Oil prices are falling this morning after last week’s rally that was fueled by escalating tensions in the Middle East. 

West Texas Intermediate crude futures are down over 1% at just over $76 bbl while Brent crude futures are down more than 1% at $81.30 bbl.

Both contracts popped more than 6% last week after Israel rejected Hamas’ ceasefire proposal. 

But prices have been within a $10 trading range even amid those ongoing tensions. 

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