SPX And The CPI Week

The S&P500 index SPX surged by +1.31% last week to close above 4400 resistance level. The index is showing that there's more potential is yet to come, to hit 4520 next.

The week ahead:

• The meeting between US President Biden and China President Xi is the highlight; there is also US CPI and retail sales, the former being a key input into the Fed's policy deliberations; China activity data will also be released.
  
• Sectors that may witness higher volatility are; Big techs, EVs, Oil & Gas and Semiconductors stocks.