Equity trading got off to a wobbly start this week but traders quickly got into a rhythm of buying. The S&P 500 moved up more than a half percent on Monday and set a new all-time high on better than expected earnings and hopes for more of the same. Monday?s action was driven primarily by results from Tesla which not only beat on the top and bottom line but announced another price increase that promises to boost profitability.

This is going to be a busy week for the market with over 164 S&P 500 companies slated to report earnings. If there is going to be a big surprise, this is the week the market will get it. The biggest risk, however, isn?t until Friday when the PCE price index is released. Core consumer inflation is expected to fall to 0.2% MOM and there is a very high risk the number will be hot.