NewsWare‘s Trade Talk: Thursday, December 16

S&P Futures are showing strong gains this morning as the rally continues. Asia and European markets are higher. Ahead of the opening bell, there are a host of economic reports due out including Jobless Claims, Housing Starts, Indu Production, and the PMI Composite Flash is due out 15 min after the open. The markets are reacting positively towards the FOMC decision to quicken the pace of ending its stimulus program and the expectation of 3 rate hikes in 2022. After the bell today, watch for earnings reports from ADBE and FDX.