The coming week will be another exceedingly heavy week of Q4 earnings, this time with more of a focus upon the mega-caps.
While I remain cautious on the overall market, I continue to act upon the limited opportunities I'm finding in the current market.
Plus, we take a close look at the charts of the S&P 500 and Nasdaq Composite and check out Tesla, Disney and Salesforce.
The belief is that inflation isn't too hot and economic growth isn't too cold, though the bears argue this view is unrealistic.
GDP, unemployment claims, and durable goods reports were better than expected, creating hope that the Fed will be able to create a soft economic landing.
Plus, a look at Wednesday's wishy-washy market action, the Treasury yield curve, Chevron's coming earnings and Lael Brainard's possible exit from the Fed.
The nice start for the market in 2023 will soon fade.
It was MSFT guidance that turned the post-closing bell rally into overnight weakness.
The primary issue now is whether MSFT earnings will produce a theme reflected in other reports.
We're past the middle of the peak of winter and even assuming this cold weather spell, inventories should close the season very comfortably.