NewsWare’s Trade Talk: Wednesday, January 19

S&P Futures are moving higher this morning. This morning we have another economic report on housing and plenty of earnings to watch. Bank of America delivered a 6 cent beat on lower revenue this morning. This afternoon, there are earning reports due out from AA, DFS, FUL & UAL. The yield on the 2-year Treasury note, which is more sensitive to Federal Reserve policy expectations, rose another 2 basis points to 1.055%. Oil continues to trade higher as the IEA predicted global oil demand will exceed pre-pandemic levels this year in its monthly report.