The Market in a Minute

If the old saying on Wall Street “as January goes, so does the rest of the year” holds true, investors ought to be in good shape in 2013, as the S&P 500 logged its second week of gains, rising 0.4% last week for a YTD gain of 3.22%. As earnings season kicks into high gear this week, expect more volatility.

The trade: Buy on dips and sell-offs — economic and earnings reports are likely to surprise on the upside, take advantage of the volatility.

This week’s market-moving events:

  • Monday: No meaningful reports. However, Dennis Lockhart speaks at 12:30 and Ben Bernanke speaks at 4:30 PM.
  • Tuesday: Homebuilder Lennar LEN -0.17% reports earnings, though investors will likely focus on a slew of economic reports, including: PPI, Retail Sales and Empire State Manufacturing reports all set to be released at 8:30AM.
  • Wednesday: Industrial Production and CPI data will be released at 8:30, and housing prices at 10:00 AM. Major financials, including JP Morgan JPM -0.02% , Goldman Sachs GS -0.17% report earnings, as will eBay.
  • Thursday: Housing Starts and Jobless Claims are released at 8:30, while the Philly Fed Survey reports at 10:00 AM. For those of you who didn’t get enough of Dennis Lockhart on Monday, he speaks again at noon today. B of A BAC -1.27% , Blackrock BLK +1.03% , Citigroup C -1.14% , Intel INTC +0.92%  and Sunoco are among widely-held stocks that report earnings today
  •  Friday: Consumer Sentiment data is released before the market open, while GE GE -0.19% , Morgan Stanley MS -0.84%  and Schlumberger SLB +0.68%  close out a busy earnings reporting week.