What a week!
CPI, PPI, Retail Sales, Fed Speak, Earnings, Tariffs on then Postponed, China, Yields rise then fall, the Dollar rises then falls, Gold makes a new all-time high, Growth outperforms value.
If I were a slam poet, that list could be the start of a great beat.
What does it all mean? And what does it all mean to the Economic Modern Family?
Consumers fear inflation yet they are divided between buying vacations, health and beauty products, while a "No Buy" Challenge grows.
Powell says there is no rate cut until he sees weakness in jobs, yet yields have fallen, and long bonds could be on the verge of a breakout. 
The dollar is breaking down.
Plus, with the potential huge federal job cuts happening, the employment numbers could turn ugly for March.
We see a lot of variables in the narrative, and bifurcation in price.
Many growth stocks did extraordinarily well last week.
We even saw some beat-up names emerging from the doldrums.
However, the Economic Modern Family remains muted.
Let’s look..
Nothing screams wildly bullish or horribly bearish in the weekly charts.
Individually, Granny Retail XRT is holding key support. Yet, the ETF has a lot of work to do. I would get a bit excited if XRT clears 80 and much more so if it clears 82.
Granddad Russell 2000 (IWM) had an inside week (range stayed within the range of the week before). Are we surprised?
With all the talk of bringing industry back to the US (reshoring) small caps are neutral.
Big Brother Biotechnology IBB managed to hold the 200-WMA (green line). Again, price dictating the narrative, a move over the 50-WMA (blue line) would mean higher prices likely.
Regional Banks KRE also had an inside trading week. There is not a whole lot to conclude other than that this sector looks as neutral as small caps do.
Transportation IYT looks the best. Nonetheless, while the S&P 500 reached new all-time highs, this sector is far from its all-time highs.
Like the consumer, the economic picture very much depends on how robust air, freight, and truck traffic remains.
While we saw big moves this week in a few growth stocks connected to AI,
Sister Semiconductors SMH closed better than the week before, but not enough to get anywhere near all-time highs set in July at 280.
Nvidia (NASDAQ:NVDA) reports earnings on February 26th. Many eyes will be watching. 
The weekly chart of Bitcoin shows leadership over everyone else in the Family.
What can we conclude from that?
Faith in alternative currency feels safer to investors than the basic US economic sectors do.
Sideways consolidation could lead to either a big breakout over 100k or a more sustained correction under 92k.
When analysts say this is a stock picker’s market, they mean that the macro is muddy and it behooves investors to find the pearls.
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) 600 support 611 last week’s high
Russell 2000 (IWM) Has to clear 227 then 230 and hold 220
Dow (DIA) 439 support 452 now the resistance to clear
Nasdaq (QQQ) 539.15 the all-time high
Regional banks (KRE) 64 back to resistance
Semiconductors (SMH) 245 support 260 resistance
Transportation (IYT) 71.40 support 73.50 resistance
Biotechnology (IBB) Ranging so hard to tell
Retail (XRT) Middle of the 2025 range
iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) Above the 50-DMA and needs to clear 90 to get interesting