NewsWare’s Trade Talk: Friday, November 10

S&P Futures are slightly lower this morning. Markets weakness is due to Fed Chair Powell's hawkish comments, yet markets are not expecting a rate hike in December. Powells hawkish narrative was echoed by other cental bankers. Next Fed meeting is Dec 13th and according to the CEM fedWatch tool, odds are 85% that there will not be a rate hike. The U.S. arm of China's biggest bank suffered a cyber-attack. In Europe, markets are trading lower. Oil prices are higher as Saudi Arabia's Energy Minister indicates his belief that the recent sell off is due to speculators and not demand.