Welcome to Seeking Alpha's Wall Street brunch, our Sunday look ahead to this week's

market-moving events, along with the weekend's top news and analysis.

Hello, today is Sunday, January 11th, and I'm your host, Kim Kahn.

And just like that, it's earning season again.

The big banks kick off Q4 this week.

J.P. Morgan reports before the bell Tuesday, B of A, Wells Fargo, and City following Wednesday,

and Goldman Sachs, Morgan Stanley, and Black Rock tee up Thursday. Seeking off analyst Lucasachi

says J.P. Morgan could set the tone for the rest of the month. If the report and call point to earnings dispersion, he sees room for sector rotation, with equal-weighted indexes like RSP doing well. But if JPM signals its time to de-risk, that could trigger a sell-off that doesn't spare good companies as well as bad ones. analysts expect Q4 EPS of $4.98 on $46.25 billion in revenue, including $25 billion of net interest income.

Beneath the headline numbers, Sachi says to watch headcount management and productivity,

and whether J.P. Morgan can point to tangible benefits from AI,

which he says could be another major catalyst in favor of this revolution.

Also on the earnings calendar, Delta Airlines

reports Tuesday, and Taiwan Semiconductor is due Wednesday. Looking to the economy, the big report

hits early this week. The December Consumer Price Index is out Tuesday morning. Economists are

looking for both headline and core CPI to rise 0.3% month on month, with headline inflation

holding at 2.7% year-on-year,

and core ticking up to 2.7 from 2.6.

Wells Fargo economists say the shutdown distortions in the November report should unwind this time

around. They say, under the hood, we expect core goods to rise sharply in December, as more

holiday-related product markdowns than usual

were likely captured in the November survey.

Meantime, primary shelter is poised to resume its pre-shutdown trend and is unlikely to

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