NewsWare’s Trade Talk: Wednesday, December 7

S&P Futures are trading lower this morning as the market continues to display concerns about the anticipated economic damage that is likely to occur due to the Fed rate hikes this year. CEOs from JPM, BAC & GS have indicated that inflation and rate hikes will likely take a toll on the markets in 2023. China took another step away from its stringent Covid-19 controls, easing quarantine and testing requirements and curtailing the power of local officials' ability to enforce lock downs.