Good morning!

Major inflation news and earnings from Wall Street's rockstar market performer are on tap this week. Here's what's happening ...

• More than 1,000 companies report Q4 earnings this week, including the one most likely to move the markets. This morning, earnings are due from Home Depot, Intuit, American Tower, and Workday, followed Wednesday by the big one, NVIDIA, reporting after hours along with Salesforce, and preceded earlier in the day by Lowe's, TJX Companies, and Anheuser-Busch. Thursday numbers are due from Dell, EOG Resources, and Autodesk, followed Friday by Berkshire Hathaway. *

• This week's inflation data is in focus, with Friday's release of the January PCE (Personal Consumption Expenditures) Index. The Fed's preferred inflation gauge is expected to show a 0.3% month-over-month increase, with annual gains of 2.4% for headline inflation and 2.6% for core PCE (excluding food and energy prices). The forecast indicates a slowdown from December's pace, but inflation still remains above the Fed's goal of 2%. **

• Apple is hedging bets on tariffs with Monday's announcement of a $500 billion U.S. investment, including a new manufacturing facility in Houston, 20,000 new hires in the next 4 years, and a doubling of its advanced manufacturing fund. The announcement came days after President Trump said Apple CEO Tim Cook promised him hundreds of millions of dollars in U.S. investment, and a shift from the tech giant's manufacturing from Mexico to the states. There is a risk Apple could be negatively impacted by fresh trade tensions between the U.S. and China, with a newly imposed 10% tariff on all Chinese goods. ***

Primary Advisors diligently keeps up with anything that can impact your finances with more than 175 years of combined investment experience. We're doing our all to keep your money protected and growing. If you have a friend or family member you think might benefit from our financial oversight, do them a favor and send them our way. Until next week...

Martin Lombrano

Primary Advisors

Investment Advisory Services offered through Miramontes Capital, LLC dba Primary Advisors. Advisory services are only offered to clients or prospective clients where Miramontes Capital, LLC and its representatives are properly licensed or exempt from licensure. Securities offered through Balanced Security Planning, Inc. Member FINRA/SIPC. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Miramontes Capital, LLC unless a client service agreement is in place. Miramontes Capital, LLC and Balanced Security Planning, Inc. are separate companies, affiliated through common control.