Netflix results, retail sales, Davos: What to know this week

Netflix results on Thursday will also be closely watched, with this quarterly update serving as a potential sign of things to come for the tech sector's results, which are set to begin in earnest the following week.

"While consensus views a 2023 recession as inevitable, we find ourselves contemplating the old adage: 'Never bet against the US consumer,'" Janasiewicz said. "We would add another: 'Never underestimate the resiliency and flexibility of corporate America.'"
On the economic data front, monthly retail sales data from the U.S. Census Bureau will offer a gauge of how consumers fared during December's all-important holiday shopping season. Economists surveyed by Bloomberg expect a -0.9% drop in the headline number.