On Monday, Nasdaq stock futures fell by more than 1% as investors brace for a week filled with important data, including the U.S. inflation report for December, which is expected to overshadow earnings reports from major banks. On Friday, the Nasdaq composite dropped 317.25 points, or 1.63%. As the impact of the stock market's 'Trump bump' fades, investors appear to be retreating, largely due to a selloff in bonds. A stronger-than-anticipated Consumer Price Index report on Wednesday could have a significant impact on U.S. bond prices, possibly prompting economists to reconsider the previously unlikely prospect of an interest rate hike by the Federal Reserve this year. Tampa Shores Capital (YTD 5.5%) predicts a neutral to negative trend for the Nasdaq this week and is closely monitoring signs of investor capitulation ahead of Donald Trump's inauguration.
