Lots of important economic indicators are scheduled to come out next week, including the jobs report for January. Mark Luschini, Janney Montgomery Scott chief investment strategist, told CNBC's "Street Signs" on Friday that he's looking for a number north of 200,000 that should build on the momentum of 2014.
"But more importantly within the number to see either a reverse in the down tick in wage growth that we had in December and/or to see the underemployment rate continue to work lower," he said.
The Federal Reserve will be monitoring wage growth as an indicator for when to start raising interest rates, Luschini added.
John Manley, chief equity strategist for Wells Fargo Funds Management, will be focusing on earnings expectations, as they have been lowering over the last couple of months.
"I think the basic things that drove American profits higher are still there, but you've got to deal with it and I think before you're through dealing with it we may be a little more worried than we are right now."
He also warned about "the kiss of deflation" akin to the last scare for inflation back in 1984.