What to Expect\n\nThe upcoming week is set to be a busy one for investors, with major companies reporting their quarterly earnings and key economic data being released. The market rally will also be put to the test as the S&P 500 opens Monday after seven straight weeks of gains. Potential risks and tough macro trends may impact these companies’ stock performance.\n\nEconomic Data Releases to Provide Insight into Inflation and the State of the Economy\n\nThe economic calendar for the week ahead will feature several key events, including the release of the November core PCE and housing-market data. These reports will provide important insights into inflation and the state of the economy. The Personal Consumption Expenditures (PCE) price index, which is the Federal Reserve’s preferred measure of inflation, will be closely watched to see if it is falling faster than previously anticipated. Additionally, updates on housing and consumer confidence will shed light on the overall health of the economy.\n\nNike, FedEx, General Mills, and Carnival to Give Early Look at Holiday Shopping Demand\n\nOn the corporate side, Nike, FedEx, General Mills, and Carnival will report their quarterly earnings, giving investors an early look at holiday shopping demand. These companies are expected to provide insight into consumer spending and the impact of the ongoing pandemic on their businesses. Tough macro trends and potential risks may impact their stock performance.\n\nPotential Risks and Tough Macro Trends May Impact Stock Performance\n\nRetailers are taking longer than expected to clear inventory, and tough macro trends such as inflation, depleted pandemic-era savings, and higher interest rates may continue to negatively impact consumers. This could potentially lead to lower-than-expected earnings for these companies and impact their stock performance.\n\nThe upcoming week will be filled with important economic data and earnings reports from major companies. The focus will be on inflation and the state of the economy, as well as consumer spending and holiday shopping demand.”