Last week, the Consumer Price Index (CPI) and Producer Price Index (PPI) both came in hotter than expected, with shelter costs being the primary contributor to the notable increase in January’s CPI report, accounting for two-thirds of the total increase.
For commentary and a chart explaining how real wage growth has outpaced inflation since the start of 2023, please take a look at the attached Weekly Market Recap. Real wage growth should support consumer spending and the economy.
This week, our focus shifts to earnings reports from Walmart (WMT), Nvidia (NVDA), and Booking Holdings (BKNG). Nvidia, a key driver behind the artificial intelligence (AI) craze, has seen its stock soar by 230% in the past 12 months. Nvidia’s earnings report and subsequent commentary, released after the market closes on Wednesday, are anticipated to make headlines and move stocks into Thursday’s open.
Thank you for reading, and here’s to a great week ahead!
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