NewsWare’s Trade Talk: Monday, March 28

S&P Futures are flat this morning drifting between gains & losses. European markets are showing gains based on lingering hopes of progress in Ukraine peace talks. Oil is 3% lower as China initiates a lockdown of half of Shanghai due to a covid outbreak. Bond yields are trading at three years highs as the Fed is preparing the market for multiple interest-rate increases this year. A wave of economic data is due out this week, including the personal consumption expenditures (PCE) price index. President Biden is preparing to announce a proposed minimum tax on households worth 100m.