Inflation Data Heats Market

The FOMC concern of sticky inflation may be coming true as Friday’s Inflation report showed month-over-month Core PCE still at 0.1%. Year over Year inflation came in slightly above estimates. This adds further doubt on whether the Fed will pause rate hikes in June.

Strong Earnings Aid Market

Strong earnings from MSFT, V, CMG, & PEP aided the market last week. We had a few names report mainly in line like MCD, KO, & META that provided some relief to the markets however names like NET & SNAP really hurt their respective sectors.

Upcoming Events

It is a huge week for economic releases. Eagle Investors is expecting fireworks in the late part of the week with GDP, Jobless Claims, and Inflation data.  Our analysts are expecting in-line data for PCE Month Over Month but are expecting an improved inflation situation Year Over Year.

Earnings Preview

A large swatch of Nasdaq names are reporting this week after the market close. Expect market movers like AAPL & AMD to have a large effect on the S&P 500 and QQQ.