NewsWare’s Trade Talk: Friday, December 1

S&P Futures are trading higher this morning. December is starting off with a number of markets moving events. Markets will be paying attention for comments from Fed Chair Jerome Powell who is scheduled to spear twice today. We also have the PMI data & Construction Spending reports due out this morning. TSLA is lower after unveiling their Cybertruck. Pfizer to discontinue weight loss pill due to high rate of adverse side effects. European stocks are higher on economic data and China state sponsored buying of index funds. Oil is trading slightly higher - the proposed OPEC production curbs appear to be more rhetoric than rule. Oil traders will soon be turning their attention to tensions in the Middle East.