NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, September 26

S&P Futures are displaying a strong leg higher this morning. Key factors behind the positive action are the stimulus plans out of China and the positive earnings announcement from Micron. Economic data will be on watch today with multiply economic reports due out. Market will also be paying attention to a host of Fed speakers this morning. Southwest Airline is holding a key investors day today as Elliott mgmt pushed for changes. After the bell, COST to release earnings and tomorrow PCE data is scheduled for release. In Europe, markets are gaining, autos & luxury and mining's stocks are higher. Oil prices are off by 2%. Saudia Aribia is said to be abandoning its $100 barrel price target as it looks to ramp up production.

NewsWare's Trade Talk: Wednesday, September 25

S&P Futures are ticking lower ahead of the opening bell today. Sentiment is cautious this morning as markets hit another all time high yesterday. China continued to provide stimulus as its central bank cut its one-year loan rate to 2% from 2.3%. Meta's Meta Connect event starts today, CEO to speak at 1:00 pm. Presidential candidate Harris is said to be making a major economic speech today. The DOJ is said to be investigating SAP and Accenture. Micron to release earnings after the bell today. In Europe, markets are gaining, autos & luxury and mining's stocks are higher. Oil prices are off by 0.75% with stockpiles data in focus.

NewsWare's Trade Talk: Tuesday, September 24

S&P Futures are flat to higher ahead of the opening bell today. Sentiment is positive as China finally releases a strong stimulus package. Visa is on watch as the Justice Dept is said to preparing a lawsuit over anti-competitive practices. Boeing looks to end union strike and send a proposal yesterday. Fed Governor Michelle Bowman to speak today, she was the only dissenting vote in last weeks Fed decision. Senator will be grilling the CEO of Bovo Nordisk today over the high cost of weight loss drugs. In Europe, markets are gaining, autos & luxury and mining's stocks are higher. Oil prices are displaying strong gains of more than 2%.

NewsWare's Trade Talk: Monday, September 23

S&P Futures are slightly higher this morning. There are a host of Fed speakers this morning. Flash PMI data out of Europe were negative this morning which may push the ECB to ease monetary policy. China PBOC lower a borrowing rate this morning and scheduled an announcement for tomorrow. DELL, PLTR & ERIE have been added to the SPX index as of today. Intel is higher due to market chatter that Apollo is preparing a multi-billion-dollar investment. House Speaker Mike Johnson indicated that the House will vote this week on a 3-month stopgap funding bill. In Europe, markets are mixed autos & luxury stocks are lower Oil prices are edging higher.

NewsWare's Trade Talk: Friday, September 20

S&P Futures are weakening this morning as the markets react to more cental bank decisions. The economic calendar is light today. Overnight, Lennar, Fed Ex and MillerKnoll released disappointing earnings. The BOJ and the PBOC left rates unchanged, markets were expecting a rate cut from the PBOC. Nike's CEO announced his retirement. Autos are weak as Mercedes trimmed its forecast amid ongoing weakness in China. Chip stocks are also falling. In Europe, markets are pulling back as autos, luxury and tech stocks fall. Oil prices are edging lower as China's PBOC left rates unchanged overnight.

NewsWare's Trade Talk: Thursday, September 19

S&P Futures are displaying an aggressive leg higher this morning. After a failed rally yesterday, stocks are back in the green as markets across the globe push higher due to yesterday FOMC announcement. This morning, we have the Jobless Claims and Housing data due out. After the bell today FDX, LEN and MLKN are scheduled to release earnings. Boeing is making moves to preserve cash as strike talks stall. The SEC approved a change to market rules to allow many stocks to be quoted in 1/2 cent increments. In Europe, markets are displaying a strong move higher with gains in autos, basic resources and tech, Oil prices are gaining this morning.

NewsWare's Trade Talk: Wednesday, September 18

S&P Futures are positive this morning and are likely to remain in a holding pattern until this afternoon Fed Announcement. The size of the cute, the Dot Plot & Powell's Press Conference will be in focus today. Additional monetary policy meeting this will include Thursdays BOE meeting and Friday's BOJ meeting. The Biden administration is moving forward with its tariff plans on shipments valued under $800. CRWD is holding an investor briefing today at 2:00 pm. JP Morgan has entered into talks with AAPL over its credit card business. In Europe, markets are in the red this morning with weakness in healthcare, tech & luxury stocks, Oil prices have turned lower as stockpile estimates came in with a build.

NewsWare's Trade Talk: Tuesday, September 17

S&P Futures are displaying a strong move to the upside this morning as expectations increase to 0.68% for a 50-basis point rate cut from the Fed Reserve tomorrow. August Retail Sales report is due out before the bell today. INTC is leading the DJIA higher after announcing a deal to provide custom chips to AMZN web services. MSFT is gaining as their board announced a $60B share buyback. A U.S. trade delegation is in route to China for talks over the recent wave of Chinese imports. Tomorrows Fed announcement is the key, pending catalyst event. After the Wednesday announcement, the focus will turn to the spending bill that is being held up in Congress. In Europe, markets are displaying gains with positive action in autos, basic resources and luxury stocks, Oil prices have turned lower with demand in focus.

NewsWare's Trade Talk: Monday, September 16

S&P Futures are slightly lower this morning. Big week ahead for Central Bank meetings from the FOMC, BOE & the BOJ. Markets are expecting a dovish narrative from the Fed on Wednesday. CRM's Dreamforce conference starts tomorrow. MSFT is expected to speak today at 11:00 on a Copilot announcement. A Federal appeal court will consider whether the U.S. government has the rights to force TikTok to sever ties with China. In Europe, markets are displaying muted losses, healthcare and luxury stocks are positive. and oil prices higher but off the morning highs. China demand remains underwhelming.

NewsWare's Trade Talk: Friday, September 13

S&P Futures are higher this morning. The economic calendar is light. On the earnings front, ADBE delivered guidance that was light as compared to street expectations. RH delivered a beat on higher revenue. Share of Boeing are falling as union works initiated a strike which is halting 737 Max production. Sentiment remains positive ahead of next week's FOMC meeting. In Europe, markets are displaying gains, and oil prices continue to push higher as oil traders assess the damage created by Hurricane Francine.