NewsWare’s Trade Talk: Friday, November 17

S&P Futures are trading modestly higher this morning. Possible rate cuts remain a key focus for the markets. Economic data is supportive of rate cuts Fed members are not. FOMC officials stick to the script of possible rate hikes, markets are pricing in a 40% chance of a rate cut in March. Retail stocks in focus this morn, GPS delivered a strong earnings report BABA is weak due to U.S. curbs on chip sales affecting its AI development. President Biden signed the temporary spending bill that was passed by the House & Senate this week. European stocks are higher and oil prices are edging higher this morning.