NewsWare’s Trade Talk: Wednesday, March 23

S&P Futures are moving lower this morning A sharp rally in U.S. government bond yields slowed, with the yield on the 10-year U.S. Treasury note hovering around 2.375% in recent trading, unchanged from the day before. Fed Chair Jerome Powell is scheduled to speak this morning at 8:00 am est and will likely continue his hawkish tone. There is a Senate hearing today that will be attended by the CEO's major U.S. chip manufacturers starting at 10:00 am. President Biden is scheduled to arrive in Europe today for talks with NATO allies on the Ukraine conflict.