The floor of the New York Stock Exchange is occupied by traders.
After the S&P 500 posted its biggest weekly gain in almost five months on the back of easing inflation data, stock futures fell.
S&P 500 futures dropped 100 points. The S&P 500 futures were down 0.4%.
It was the S&P 500's best week in six months. The inflation reading was less than expected and investors bet that the Federal Reserve would slow its campaign of tightening.
Mark Hackett, Nationwide's chief of investment research, said that investors are more risk on across asset classes. The technical indicators have improved dramatically, with investor sentiment, breadth, and risk factors all showing improvement.
The tech-laden Nasdaq gained 8.1% last week for its best week since the beginning of the year.
The Wall Street's fear gauge fell to its lowest level in eight months. The 30-day implied volatility of the S&P 500 was above the threshold for most of October.
The weekend saw investors digest news on politics. The Democrats will retain control of the Senate in the next election, according to NBC News. The party will have at least 50 seats.
The third-quarter earnings season is going to focus on retail. The results of Tyson Foods will be reported on Monday. Walmart, Home Depot, Target, Lowe's and Macy's are all expected to report numbers this week.
The Federal Reserve needs to pivot from its aggressive rate-hike cycle according to Ark Invest's Cathie Wood.
If the Fed ignores deflationary signals, the economy could go into a downturn like the Great Depression.
Wood said that they would not be surprised to see broad-based inflation turn negative in the future.
The investor thinks the U.S. economy is similar to the 1920s with inflation easing and technological forces rising.
The name of the person is Yun Li.
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