Market Highlights: Fed's Inflation Gauge, Nike Earnings, and Stock Recommendations

This week, the market will be watching the release of the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, as economists project inflation to continue tracking lower. Quarterly earnings reports from Nike, FedEx, General Mills, Micron, and Carnival will provide insights into consumer spending. The stock market rally will also be in focus, with the S&P 500 nearing its all-time high and interest-rate sensitive sectors surging. The market's breadth and sustainability will be tested as investors look for signs of a continued rally.