Week Ahead Market Brief — Oct 13–17, 2025

The Week at a Glance (Oct 13–17, 2025)

• Government shutdown continues; key federal data are delayed. CPI now set for Fri, Oct 24. Expect thin calendars and headline‑driven swings.
• Markets & holidays: U.S. stock markets open Mon (Columbus/Indigenous Peoples' Day); U.S. bond market closed.
• Fed watch: Chair Powell speaks Tue (NABE). Beige Book due Wed (Oct 15). Several governors on the circuit all week.
• Earnings kickoff: Big banks lead Q3—GS (Tue), BLK (Tue pre), MS (Wed), plus JPM, BAC, C, WFC clustered mid‑week alongside ASML (Wed) and TSMC (Thu).

Key Events & Times (ET)

• Mon Oct 13 — Equity markets open; bond markets closed.
• Tue Oct 14 — Powell remarks at NABE ~12:20p; Goldman Sachs earnings (AM); BlackRock earnings (7:30a); assorted Fed speakers.
• Wed Oct 15 — Beige Book 2:00p; Morgan Stanley earnings (7:30a); ASML earnings (pre‑market); Empire State Mfg Survey (AM).
• Thu Oct 16 — TSMC earnings call (2:00a ET); jobless claims & PPI subject to delay.

Market Backdrop

Volatility risk remains elevated with delayed macro data, tariff headlines, and Fed rhetoric in focus. Bank earnings and AI‑chip supply chain results (ASML, TSMC) will likely steer sector rotation.