NewsWare’s Trade Talk: Wednesday, October 11

S&P Futures are up modestly this morning. Fed speak is a hot topic today, yesterday Fed Gov Michelle Bowman toned down her hawkish narrative yesterday. Othe Fed officials also indicated that they are adjusting their views. This is important to know as the Fed will be releasing its meeting minutes today, which are likely to be hawkish. Israel said that an anti-tank missile was fired from Lebanon. UAW workers in Canada reached a tentative agreement with GM. In Europe, stocks are mainly higher, but there is weakness in the luxury good sector due to earnings releases. Oil is pulling back slightly this morning, as OPEC is said to be considering an increase in production.