Wake Up Wall Street (SPY) (QQQ): Quiet session after Friday surge and Federal Reserve blackout

Here is what you need to know on Monday, January 23

Equity markets are set for a flat opening in the United States after a fairly quiet European session. Large parts of Asia are off for Chinese New Year and Friday’s strong close on Wall Street has led to a cautious session. With earnings season really kicking in later this week investors are cautious. Also, we are now in the Federal Reserve blackout period before the next FOMC meeting and later this week we get the Gross Domestic Product and inflation data releases, further helping the risk-neutral sentiment.