NewsWare’s Trade Talk: Monday, January 8

S&P Futures are trading slightly lower this morning with shares of Boeing off by 8%. The FAA grounded some of its jets due to safety concerns. Democratic & Republican leaders in Congress announced that they have reached an agreement to set the federal spending limit for the 2024 fiscal year at roughly $1.66 trillion. Fed speakers voice concern on markets expectations on rate cuts. In Europe, equities are flat to lower as overnight losses in Chinese equities and upcoming CPI data this week has the markets in a semi holding pattern. Oil prices are down hard on a news announcement from Saudi Arabia concerning its Feb selling price.