Consumer spending, inflation, and housing are 3 things to watch in the market next week

Wall Street advanced during this holiday-shortened trading week, with the S & P 500 and Nasdaq both reaching new all-time highs in the first half of the week before pulling back some. The S & P 500 and Nasdaq were able to finish the week slightly higher. The Dow , which had recently come off the boil, was the big weekly winner. Nvidia was the big story of the week, surging to all-time highs Tuesday and overtaking Microsoft as the most valuable company in the U.S.

Since shelter costs are the largest single component of the inflation basket of prices, we can use these reports to get a sense of where home prices are headed and therefore inflation more broadly. Earnings While no Club companies are reporting in the week ahead, there are notable earnings from outside the portfolio to consider.

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