Apple (AAPL) had a tough first week of the year, closing down over 6%. This also rippled out to the S&P 500 ($SPX) (SPY) which closed down almost 2% on the week. A big part of the move last week was the headlines, culminating with a better-than-expected Jobs report on Friday which sparked fears that rates may not be coming down as quickly as initially thought.
There are only a few pieces of news out this week that could move the marketers, but they are all intertwined around rates and inflation. We have FOMC members speaking, inflation data due out, and concerns abroad as tensions rise. On top of that we have earnings season kicking off with Bank of America (BAC), Citgroup (C), JP Morgan Chase (JPM), Delta airlines (DAL), UnitedHealth Group (UNH) and Wells Fargo (WFC) all reporting.
