Markets enter the heart of earnings season with the S&P 500 ($SPX) (SPY) facing a critical test as major financial institutions kick off quarterly results amid escalating trade tensions. President Trump's Saturday announcement of 30% tariffs on the European Union and Mexico, with overall tariffs set to surpass April 2 Liberation Day levels, has injected fresh uncertainty into markets already grappling with inflation concerns and Fed policy implications. The President's suggestion that he might raise the 10% baseline tariff to 15%-20% adds another layer of complexity for investors parsing corporate earnings guidance and economic data. This week delivers a comprehensive assessment of economic health through Tuesday's CPI report, Wednesday's PPI data, and Thursday's retail sales figures, all while heavyweight earnings from JPMorgan (JPM), Wells Fargo (WFC), and other major banks set the tone for the broader earnings cycle.
Here are 5 things to watch this week in the Market.
