Three Things to Watch
- Nvidia earnings will be one of the main focuses this week. The world’s largest company by market capitalization reports on Wednesday amid questions around capital expenditure spending for the tech mega caps. However, most analysts remain bullish on the company, with more than 30 upward earnings revisions versus one negative revision.
- President Trump will give his State of the Union address Tuesday night after the recent Supreme Court decision on tariffs and amid escalating tensions with Iran. He is expected to highlight the resilient U.S. economy, immigration enforcement efforts and foreign policy.
- Economic data is highlighted by consumer confidence for February. Consumer confidence has been falling since President Trump was elected in late 2024, despite declining inflation and record stock market closes. The Consumer Confidence Index now stands at the lowest level since summer 2014.
Three Things to Know
- Since 2014-2015, every eventual NCAA basketball national champion was top 10 in offensive efficiency and top 35 in defensive efficiency through Selection Sunday. Teams presently in the “10/35 Club” this season are #1 Michigan (3rd Offensive Efficiency/4th Defensive Efficiency), #2 Duke (6th/2nd), #3 Illinois (1st/18th) and #6 Purdue (2nd/24th). (Source: Haslam Metrics)
- Approximately 84% of people have never used artificial intelligence, and just 0.3% of users pay for premium services. (Source: John LeFevre)
- The U.S. Federal Reserve’s preferred measure of inflation (core personal consumption expenditures) moved up to 3.0% in December. That was the 58th consecutive reading above the Fed’s 2% target level. (Source: Charlie Bilello)
The above information reflects the current opinion of the author. It is based upon sources and data believed to be accurate and reliable. Opinions and forward-looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security mentioned.