NewsWare‘s Trade Talk

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.

NewsWare’s Trade Talk: Monday, November 6

S&P Futures are displaying slight gains this morning as sentiment remains positive as markets indicate that the Federal Reserve is done raising rates. Key economic data point for today will happen in the afternoon with the senior loan officer survey. After the bell today earning announcements are expected from NXPI, IFF, CE & SWAV. Israel's Netanyahu rejecting calls for a ceasefire. In Europe, markets are displaying some weakness due to the falling business activity in the Eurozone. Oil prices are higher as Saudi Arabia and Russia look to extend production curbs in December.

NewsWare’s Trade Talk: Friday, November 3

S&P Futures are slightly lower this morning after turning in strong gains yesterday. Earning results from AAPL last night is weighing on the markets this morning. Key economic data point for today is the Non Farm Payrolls. Figure should come in much lower than the Sept data which would be a positive factor for the markets today. Middle East tensions remain a concern as Israeli forces have encircled the northern region of Gaza. In Europe, markets are positive with the auto sector displaying gains. Oil prices are higher but remain on track for a weekly loss.

NewsWare’s Trade Talk: Thursday, November 2

S&P Futures are showing gains this morning as the markets sentiment remains positive as the Fed appears to be done with rate hikes. Multiple catalyst this morning including a monetary decision form the Bank of England, Jobless Claims and Factory Orders reports and upcoming earnings reports from AAPL. Disney is said to be purchasing Comcasts Hulu stake, Six Flags and Cedar Fair announced a merger this morning. In Europe, markets are displaying strong gains over optimism on the outcome of the Fed meeting yesterday. Oil prices are displaying 1% gains this morning.

NewsWare’s Trade Talk: Wednesday, November 1

S&P Futures are trading lower this morning Earnings reports overnight and this morning are rather negative. The big story of the day is the Fed announcement at 2:00, yet historically the markets become more volatile during Fed Chairman Jerome Powell's press conference. Aftr the bell today we have earing due out from LLY, ABNB, MCK, PYPL, EA, DASH, ROKU & Z. In Europe, Equities are flat to higher and oil prices are higher this morning.

NewsWare’s Trade Talk: Tuesday, October 31

S&P Futures are displaying positive action this morning. Earnings data overnight came in positive and no change in monetary policy is expected from the Fed tomorrow. In fact, the expectation is that Powell will indicate that a rate hike this year is very unlikely. China's PMI data came in weaker than expected and the Bank of Japan was not as hawkish as expected in its monetary policy statement last night. After the bell today, earning reports from AMD, CZR, MTCH & PAYC are due out. This morning we have beats from CAT & PFE. In Europe, Equities are mostly higher ahead of inflation and GDP reports and oil prices are rebounding this morning with pending stockpiles reports set to be released after the close and tomorrow morning.

NewsWare’s Trade Talk: Monday, October 30

S&P Futures are showing strong gains this morning ahead of an important week for the markets. Key earning reports from CAT, AMGN, PFE, AMD, HUM, QCOM, LLY & AAPL are due out this week. This morning we have beats from MCD, L and XPO. FOME announcement is Wednesday and on Friday the market will react to the Non Farm payrolls report for October. In Europe, Equities are mostly higher and oil prices falling as the Middle East conflict remains contained.

NewsWare’s Trade Talk: Friday, October 27

S&P Futures are showing strong gains this morning. Positive earnings from AMZN and INTL is helping to push the futures higher. This morning oil stocks are weak as CVX and XOM released their earnings reports. Key economic report today that needs to be watched is this morning's Personal Income & Outlays for September. The U.S. launched an air strike overnight in which is elevating tensions in the Middle East today. President Biden is meeting with the Chinese foreign minister at the White House today. In Europe, Equities are mostly higher and oil prices are up by more than 2%.

NewsWare’s Trade Talk: Thursday, October 26

S&P Futures are extending their losses this morning with corporate earnings results in focus. On paper the results have been positive, but there is a continuing theme related to poor macro headwinds which is resulting in selling pressure. At 08:15 there will be an ECB announcement on interest rates. Followed by a host of U.S. economic reports at 8:30. The GDP is expected to come in hot. This afternoon we have earnings released due out from AMZN, INTC, F, JNPR and X. In Europe, Equities are seeing heavy selling pressure and oil prices are lower by 1.5%.

NewsWare’s Trade Talk: Wednesday, October 25

S&P Futures are moving lower this morning with the markets main focused on earnings reports. MSFT deliver a strong report, guidance was good not great. GOOG earnings report showed weakness in its cloud segment. After the bell today META, IBM, NOW, KLAC, URI & MAT are scheduled to report. In Europe, Stocks are slightly lower, tomorrow there is an ECB meeting. Oil prices are display slight losses.