Trading strategies for the huge week ahead

Summary

The Investment Committee discusses the huge week ahead, including megacap tech earnings, a Fed rate decision, and the Warsh nomination. Joe Kernen is bullish on momentum and expects Amazon, Alphabet, and NVIDIA to hit new highs. Jenny and Steve Weiss express caution, citing lower visibility and the risk of earnings misses.

• Joe Kernen highlights the strong market momentum and predicts new all-time highs for Amazon, Alphabet, and NVIDIA.
• Jenny warns of lower visibility, higher inflation, and potential aftershocks from geopolitical events.
• Steve Weiss identifies the Magnificent Seven earnings and the Iran stalemate as critical events with downside risk.
• The panel debates whether the market's V-shaped recovery is sustainable given narrow leadership and oil headwinds.
• The Fed's rate decision is discussed, with skepticism about a cut due to sticky inflation and credibility concerns.
• Investors are advised to proceed with caution and look for nuance in earnings reports.
• The week includes GDP and PCE data, adding to the complexity for markets.
• The market's current valuation suggests an 'all clear' that may not be fully justified.