Coach Mark here.

As we enter a week with major earnings in the rear-view mirror, economic reports and Fed speak dominate the calendar for the coming week. While there are numerous Fed speeches scheduled this week, perhaps the biggest event of the week from a market perspective is Jerome Powell’s testimony congressional testimony on Wednesday and Thursday. Any hints to the future of monetary policy in front of what can be an unfriendly audience at times can certainly create a market reaction. Most of the time these events do not amount to much but all market eyes will be on the testimony just in case. Central banks around the world also have a number of scheduled meetings to add to the collective central bank dialogue.

Also on the political front is Super Tuesday on, well, Tuesday. The results of these contests are widely known in advance so there is unlikely to be a market reaction. President Biden also has his State of the Union speech on Thursday night and this week is also the start of China’s National People’s Congress.

On the economic front it is unemployment week with unemployment data schedule throughout the week with the monthly major unemployment report on Friday. Official unemployment numbers have been strong for some time now and it is unlikely that official data counters these trends this week but certainly something to keep an eye on.

Can the S&P 500 make it 17 out of 19 weeks this week in the green? Quite a few things to navigate to make that happen but we will certainly be there to break it all down on the Halftime Report each day.

Have a fantastic start to your week!

Chart of the Day: Nvidia (NVDA)

As DB’s Jim Reid writes this morning, we’re currently on a run that you may not see again in your lifetimes. He is referring to the fact that the S&P 500 just completed a historic run of 16 positive weeks out of the last 18 for first time since 1971.

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