Next week brings a critical data point with the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) report, set for release on Friday. A cooler or in-line reading could temporarily ease inflation concerns, but any upside surprise may fuel further market volatility. Meanwhile, NVIDIA’s earnings will be a major focal point, as the AI-driven market rally hinges on its continued strength. Any weakness could shake investor confidence of that narrative.
This sets up a potentially volatile week, with bearish sentiment already elevated and the VIX spiking. The risk of trade war escalations remains high, as recent rhetoric from the administration suggests further tensions rather than resolution. Additionally, ongoing chaos around government downsizing adds another layer of uncertainty, further weighing on market sentiment.
Protection to the downside may be warranted.
Monday
Tuesday
Earnings: HD WDAY
Wednesday
Earnings: NVDA CRM SNOW EBAY LOW
Thursday
Earnings: DELL RKLB
Friday
Personal Consumption Expenditures (PCE)
Tracking This Week
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NVIDIA Corporation (NASDAQ:NVDA) reports FY25 Q4 earnings Wednesday after the close, a key event that could significantly impact market sentiment. While NVDA has rebounded from recent lows below $120, disappointing revenue or weak guidance (ie Blackwell delays or export controls) could send the stock back down. Conversely, in line results and guidance could propel them to new all-time highs.
Charles Schwab (NYSE:SCHW) has had a strong start to 2025, gaining over 12%, but recent pullbacks suggest further downside risk. With lagging macroeconomic data showing signs of weakness and the potential impact of tariffs and escalating trade tensions yet to be fully accounted for, this name could continue to decline. If the slide persists, the $70-$75 range could present a reasonable entry point.
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