NewsWare‘s Trade Talk

Netflix Drags Nasdaq Into Red

US futures have gone between mixed to ticking downward as underperformance in Nasdaq signals the rotation away from pandemic favored stocks is building momentum. A poster child in this change up within the market would be Netflix which reported its worst quarter in eight years, and is now down 8% in premarket.

Tune in to see what's moving Wednesday's market and where to trade to end up in green. 

Virus Hits Travel Stocks, Futures Slump

The downward trend in markets comes as investors weigh corporate earnings and recent spikes in virus cases hit travel stocks, including United Airlines, American Airlines and Carnival Corp.

Even with this latest pullback in major indexes, global stocks have not moved much away from record highs, which prompts concern that markets have overplayed expectations for a global growth rebound as the pandemic rages through South America, Africa, and parts of Asia.

Tune in to see what's moving Tuesday's market and where to trade to end up in green. 

Futures Slip from Record Highs and Earnings Roll On

Markets are ticking downward from last week's record highs as investors look for fresh catalysts to push shares further. Earnings season will continue to roll on starting today, with blue chip companies including Coca Cola, IBM, and United Airlines among the many reporting.

Tune in to see what's moving Monday's market and where to trade to end up in green. 

Global Stocks Hit All Time High

Global stocks have reached all-time highs today and US futures are steady as record growth figures from China highlighted the strength of the recovery.

Treasuries have held onto gains from Thursday and traders are suggesting foreign buying and geopolitical risks may have contributed to the advance. Yesterday’s retail sales and weekly jobless claims data signaled an accelerating recovery in the world’s biggest economy. Further confirmation will be expected as reporting season picks up next week, with around 80 S&P 500 members announcing. 

Tune in to see what's moving Friday's market and where to trade to end up in green. 

Futures Rise, Bond Yields Slip

The market is showing a lot of optimism today as investors cheer solid earnings reports and await key economic data. Treasury yields are trending lower.

Bank of America and other financial stocks are climbing in US premarket after the lender posted better than expected trading revenue. Meanwhile, BlackRock said that its assets under management rose to a record $9 TRIL in the first quarter.

Tune in to see what's moving Thursday's market and where to trade to end up in green. 

Markets Boost as Earnings Roll In

Stocks have advanced into earnings reports while treasury yields rise higher this morning. Discovery has declined in US premarket after Credit Suisse Group unloaded about $2 BIL of stocks tied to the Archegos Capital Management blow up, including those of the media company.

Tune in to see what's moving Wednesday's market and where to trade to end up in green. 

Bond Yields Rise as Investors Await Inflation Data

Bond yields have climbed in preopen as traders await inflation data, a treasury auction and corporate earning to assess the market outlook. The 10 year US Benchmark yield moved back down toward 1.7%.

 

Tune in to see what's moving Tuesday's market and where to trade to end up in green. 

Bracing for Earnings Amid Doubts About Recovery

Markets have ticked lower this morning as investors brace for a flood of earnings amid doubts about an uneven economic recovery. The yield on 10 year Treasuries have steadied before a round of auctions that will be widely watched for their potential to extend the rate surge that’s shaken stocks to commodities to emerging markets this year. The US sells 3, 10 and 30 year treasuries at the start of the week.

Tune in to see what's moving Monday's market and where to trade to end up in green. 

Factory Price Data from China Spurs Concerns of Inflation

S&P futures has seen a bit of fluctuation today, while Nasdaq has been edging lower as factory price data from China has spurred new concerns over global inflation despite Federal Reserve Chair Jerome Powell’s promise of a US recovery without surging prices. Further clues on the outlook could come from today’s American producer-price data.

 

Tune in to see what's moving Friday's market and where to trade to end up in green. 

Yesterday's Fed Minutes Give Rise to Market

According to the Fed minutes released yesterday, Fed officials are united on the need to see more progress on the recovery before scaling back their massive bond buying program. Policy makers have downplayed inflation risks, maintaining that the huge recent surge in treasury yields reflects stronger growth prospects. Traders have undoubtedly peeled back on aggressive positioning for interest rates to start rising by the end of next year.

Also to note, is that Treasury Secretary Janet Yellen has unveiled details of a pan to bring back about $2 TRIL in corporate profits into the US tax net, to help fund government spending initiatives, and potentially reduce reliance on more borrowing that would just drive rates higher.

 

Tune in to see what's moving Thursday's market and where to trade to end up in green.