Adam Crisafulli on Market Catalysts: Tariffs, Fed Policy, and Intel Earnings

Key Market Events to Watch

• ⚖️ Two major Supreme Court events are on the horizon: a hearing in the Lisa Cook case concerning Fed independence, and a potential AIFA tariff decision.
• 🏛️ The market widely expects the AIFA tariffs to be struck down, with the White House expected to impose an immediate 10% replacement tariff.
• 🏠 Donald Trump is set to unveil a housing stimulus proposal in Davos, though many key elements have already been floated, suggesting few surprises.

Federal Reserve and Inflation Data

• 📈 Recent weeks have seen a hawkish shift in Fed expectations, influenced by data showing decent growth and inflation slightly above expectations.
• 🗓️ Market assumptions currently point to the next Fed rate cut occurring in either June or July, contingent on data confirming this trend.
• 📊 The PCE, the Fed's preferred inflation gauge, will be closely watched, though its significance is tempered by the upcoming change in Fed chair.

Company-Specific Insights

• 🏭 Intel is a key name to watch due to optimism surrounding its foundry business, with anticipation of significant customer announcements.
• 🛢️ SLB's earnings could provide insights into potential production increases in Venezuela and highlight its growing exposure to data center and tech-focused businesses.
• 🎬 Netflix's performance is of interest, not just for its earnings but also for potential updates on the Warner bid process and proposed changes to make it more appealing.