9 Minute Read

Tackle Today: What’s Happening This Week in the Market?

January 16, 2024

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A Lot of Earnings

Coach Mark here.

Three-day weekends always make a trader feel like it has been an eternity since the market was open! As we come off this extended break, we return to a world where investors are debating whether inflation is sticky or not and whether the market has prematurely estimated the number of rate cuts that the Fed will provide this year. My brother Matt and I discussed these topics in the most recent Trading Justice podcast that we released yesterday which can be found here. Be sure to check it out as we have had some outstanding calls in recent months and the podcast is worth a listen.

While we have a smattering of lesser economic reports (namely retail sales tomorrow) and a handful of Fed speakers that will contribute to the ongoing debate on these topics, the general economic macro calendar is light and market’s focus will be around earnings.

We are entering the first full week of earnings season this week and have a nice cross section of companies starting to trickle in this week. While the week lacks some of the big names (MAG 7 starts reporting next week), the financial sector comes in full force this week along with a handful of other names in different sectors giving us a snapshot of how companies across different sectors are faring.

No doubt, the real action starts next week but this first week can give you a temperature of the market (along with potentially some new plays) so be sure to check out the Halftime Report each day this week and earnings seasons as my brother Matt breaks down all of the key companies reporting.

Have a fantastic Tuesday!


Chart of the Day: U.S. Dollar ($DXY)

While the week might be light on the economic calendar don’t tell the dollar it has to take the week off. A potential power move developing that has tremendous ramifications across multiple asset classes if it is successful.



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