In the upcoming trading week, watch major indices like the S&P, NASDAQ, and the Dow which all surged to all-time highs this past week with strong bullish momentum, while the Russell showed impressive gains but fell short of its peak. Earnings season remains underway, driving market sentiment. Focus on upcoming weeks to see if the Russell reaches new highs.

Earnings season continues with notable reports from Arisa Networks, Cadence, Waste Management, Coca-Cola, Shopify, Biogen, MGM Resorts, AIG, Cisco, Twilio, Energy Transfer Partners, Kraft, Hindes, Chicago Mercantile Exchange Group, Applied Materials, The Trade Desk, and John Deere. Recent earnings surprises include companies like Foret and Paler AI.

Economic focus remains on inflation, with changes in CPI components expected to influence data.

The Producer Price Index also releases, showing a potential for deflation.

Retail sales figures, while generally positive, face caution due to high consumer credit levels.

Manufacturing data from the Empire State will also shape market sentiment in the week ahead.

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