Inflation will be in focus in the week ahead as stocks attempt to sustain all-time highs

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Inflation will be in focus in the week ahead as stocks attempt to sustain all-time highs

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. However, others say it’s time for investors to start diversifying their bets in the event of a pullback, especially for those with a long-term time horizon concerned about current valuations. “Markets have gotten concentrated, but also a lot of portfolios have gotten concentrated. So, it’s important to be diversified,” David Kelly, chief global strategist at JPMorgan Asset Management, told CNBC’s “Squawk on the Street” on Friday. “Not because we see some imminent threat, but because eventually something will go wrong.” Also next week, the second-quarter earnings season will kick off with some major bank results. Citigroup, Wells Fargo and JPMorgan Chase are each set to report. PepsiCo and Delta Air Lines will also give investors insight into the consumer on Thursday. Week ahead calendar All times ET. Monday July 8 3pm Consumer Credit (May) Tuesday July 9 6 a.m. NFIB Small Business Index (June) Wednesday July 10 10 a.m. Wholesale Inventories final (May) Thursday July 11 8:30 a.m. Consumer Price Index (June) 8:30 a.m. Initial Claims (07/06) 2 p.m. Treasury Budget (June) Earnings: Delta Air Lines , PepsiCo , Conagra Friday July 12 8:30 a.m. Producer Price Index (June) 10 a.m. Michigan Sentiment preliminary (July) Earnings: Citigroup , Wells Fargo , JPMorgan Chase , Fastenal , Bank of New York Mellon

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Breaking News: Investing,Wall Street,Business,Markets,Stock markets,Delta Air Lines Inc,PepsiCo Inc.,Conagra Brands Inc,Citigroup Inc,Wells Fargo & Co,JPMorgan Chase & Co,Fastenal Co,Bank of New York Mellon Corp,business news
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