To The Moon

Happy new year! Summary of the week: The first week of the year ends with a rally to end with a weekly gain. $DJIA(.DJI)$ rose 2.1% on the day, with a 1.5% gain for the week. $S&P 500(.SPX)$ rose 2.3%, and 1.4% on the week. $NASDAQ(.IXIC)$ rose 2.6%, locking in a 1% gain for the week. Volatility could therefore continue while technology stocks remain under pressure. Events: NFP It all started with a well-received monthly employment report... The rally came after the Labor Department said the US economy added 223,000 jobs in December. The figure was above economists' expectations but would still show a slowdown from 256,000 jobs in November... The report mostly showed a decline in the pace of wage growth...perhaps that could dampen the Fed's spring hawkishness... ISM Stocks extended gains after a report from the Institute for Supply Management showed its services industry index fell into contractionary territory. Market Scenario: With this latest NFP report and easing wage pressure, the market would be bullish on the Fed's reaction to be more flexible... But this is not the opinion of the decision makers who recently spoke (Bostic, Cook), and declared that inflation remains far too high and very worrying... Upcoming week: Jerome Powell, is due to deliver a speech on Tuesday...we'll find out a bit more about whether or not that optimism might last... $JPMorgan Chase(JPM)$ $Citigroup(C)$ $BlackRock(BLK)$ The big banks will kick off the earnings season in earnest next Friday. Analysts expect S&P 500 earnings to fall 4.1% in the fourth quarter, according to FactSet. It would be the first year-over-year decline since the third quarter of 2020, when S&P 500 earnings fell 5.7%. Calendar: Monday: China will release its latest consumer and producer prices. Thursday: publication of US inflation for December. Friday: University of Michigan will release its preliminary US consumer confidence index on Friday. SPX Levels: Here are the levels selected: 3900 - 3925 - 4000: key levels 3800-3850: lower area 3950-4000 upper zone Thanks for reading and supporting @TigerStars