NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, November 20

S&P Futures are slightly higher this morning. BA & MSFT are seeing strong gains in the pre-market. Sam Alman was pushed out at Open AI on Friday, over the weekend it was announced that he is joining MSFT. Market will be focused on tomorrows release of the Fed's meeting minutes and on upcoming earnings from A, KEYS, KSS, ANF, AEO, UQ, BURL, DKS BBY, ADI, MDT, LOW & NVDA. European stocks are mixed to lower and oil prices are edging higher this morning.

NewsWare’s Trade Talk: Friday, November 17

S&P Futures are trading modestly higher this morning. Possible rate cuts remain a key focus for the markets. Economic data is supportive of rate cuts Fed members are not. FOMC officials stick to the script of possible rate hikes, markets are pricing in a 40% chance of a rate cut in March. Retail stocks in focus this morn, GPS delivered a strong earnings report BABA is weak due to U.S. curbs on chip sales affecting its AI development. President Biden signed the temporary spending bill that was passed by the House & Senate this week. European stocks are higher and oil prices are edging higher this morning.

NewsWare’s Trade Talk: Thursday, November 16

S&P Futures are flat to lower this morning ahead of economic/earnings releases and a significant amount of Fed Speak. resident Biden met with China's President yesterday. Key economic data point for today will the Industrial Production report. Earning reports remain in focus, CWCO & PANW are lower this morning, yet both mgmt teams were positive in the earnings calls. WMT is lower after delivering an eps beat. Today we have an elevated number of Fed officials speaking. Thye are likely to stick to the script of waiting on data and refrain from commenting future rate cuts. European stocks are mixed to lower and oil prices are edging lower this morning.

NewsWare’s Trade Talk: Wednesday, November 15

S&P Futures are extending their gains from yesterday. Retail Sales & the PPI release will be in focus this morning. Markets will also be paying attention to Presidents Biden & Xi meeting. TGT & JD delivered beats; AAP missed. Economic calendar is getting lighter, which should support the recent leg higher in the equities markets. European stocks continue to climb higher and oil prices are edging lower ahead of today stockpile reports.

NewsWare’s Trade Talk: Tuesday, November 14

S&P Futures are flat to higher this morning. Markets are awaiting the release of the latest CPI data. Presidents Biden & Xi are schedule to meet tomorrow in San Francisco. earnings from HD beat estimates, yet sales appear to be slowing. In Europe, markets are trading flat to higher. Oil prices are edging higher, but near-term demand remains a question market as the IEA report was less bullish than yesterday's OPEC report.

NewsWare’s Trade Talk: Monday, November 13

S&P Futures are flat to lower this morning. Rating agency Moody's changed its outlook on the United States to negative, but the AAA rating remains in place for now. Boeing announced a host of new orders from the Dubai Airshow this morning. An inflation reading is due out tomorrow morning (CPI). Later this week, the U.S. & China leaders will be meeting at a summit in San Francisco to strengthen ties. In Europe, markets are trading higher. Oil prices are flat to higher this morning ahead of the release of the OPEC monthly oil report and the release of Stockpiles data.

NewsWare’s Trade Talk: Friday, November 10

S&P Futures are slightly lower this morning. Markets weakness is due to Fed Chair Powell's hawkish comments, yet markets are not expecting a rate hike in December. Powells hawkish narrative was echoed by other cental bankers. Next Fed meeting is Dec 13th and according to the CEM fedWatch tool, odds are 85% that there will not be a rate hike. The U.S. arm of China's biggest bank suffered a cyber-attack. In Europe, markets are trading lower. Oil prices are higher as Saudi Arabia's Energy Minister indicates his belief that the recent sell off is due to speculators and not demand.

NewsWare’s Trade Talk: Thursday, November 9

S&P Futures are positive this morning. Disney's positive earnings release along with the announcement that the movie studios & actors have reached an agreement to end the months long strike helping the markets this morning. Fed Chair Jerome Powell will be participating i a panel discussion today - it is expected that he will stick to his script that no decision has been made on rates and that the Fed is data dependent. CPI data out of China was weak but fell withing expectations. In Europe, markets are moving higher. Oil prices are rebounding but still significantly lower on the week.

NewsWare’s Trade Talk: Wednesday, November 8

S&P Futures are flat to higher this morning. Markets are focused on Fed Chairman Powell this morning. He is scheduled to deliver opening remarks at a conference this morning and may refrain from commenting directly on Fed policy. DIS is releasing earning after the bell. Democratics won key races in off-year elections. No progress is being made on the Debt Ceiling bill as the Nov 17 deadline approaches. In Europe, markets are moving lower, German industrial output fell. Oil prices are falling due to economic reports out of China.

NewsWare’s Trade Talk: Tuesday, November 7

S&P Futures are weakening this morning. Economic data for today includes U.S. Trade Balance and consumer credit, but it's the Fed speak that most traders will be paying attention to. Late yesterday, Minn Fed Neel Kashkari made it clear that he is not ruling out another rate hike. There are multiple Fed officials speaking today and it is unlikely that they will pivot from their positions on interest rates. In Europe, markets are moving lower, German industrial output fell. Oil prices are falling due to economic reports out of China.