While the expected new jobs for the month are high, data point to an acceleration in hiring that puts the potential for an upside surprise to Friday’s jobs number. In the meantime, historically high earnings beats should continue during the busies week of earnings season.

Earnings season picks up, including most of the FAANG stocks, and the results should be a lot like what the Fed is expected to tell us this week - more of the same.

We might not see the upside surprises like last quarter and any good news might be priced in, but look for another round of historically high percentage of earnings beats this earnings season.

With earnings season starting, it is important to remember the volatility story for 2021 and two important indicators suggesting the story is unlikely to change.

With some economic indicators at multi-generational highs, it is worth remembering that stock prices will peak before economic data peak... but it doesn't look like we are quite there yet.

The surprising data coming in the Durable Goods report and from the Federal Reserve last week doesn’t change the overall story, and while the stock market will be closed, Friday's jobs report has upside potential.

The fundamentals continue to improve, and this will continue for at least a few more months, but it is still a Fed-driven story and that becomes a near-term headwind.

Industrial Production and the FOMC announcement might both provide some volatility but will primarily just point to more of the same as the breadth on the Nasdaq signals a potential start of a new trend.

Higher interest rates tend to result in tighter economic conditions... but not now.

Employment data continues to show a strengthening labor market and, while it might not mean upside to estimates in the jobs report on Friday given the noise in the data, the strength points to continued improvement in the months ahead.