NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Tuesday, October 24

S&P Futures are gaining this morning as the market is focused on earnings reports. Middle East tensions have lower somewhat as diplomates continue to work toward containing the crisis and providing aid. Treasury yields are displaying weakness and markets are displaying positive action as Earning season heats up. KO, KMB, VZ ADM, DGX, HAL, GM, & MMM all delivered earnings beats this morning. In Europe, Stocks are mostly higher, even though PMI data remains under 50. Oil prices are display slight gains.

NewsWare’s Trade Talk: Monday, October 23

S&P Futures are [using lower this morning as the 10yr Treasury yield hit 5%. Earning and Geopolical issues remain market drives and the dysfunction is Washington DC remains a negative for the markets. This afternoon we have earnings reports due out from WHR, CLF, CCK LOGI & PKG. Chevron announced a deal to acquire Hess in a 53b deal. Roche agreed to buy Telavant Holdings from Roivant Sciences and Pfizer in a deal worth up to $7.25 billion. In Europe, stocks are moving lower with weakness in the autos, industrials and real estate sectors. Oil prices are slightly lower as a flurry of talks are being held in the Middle East aimed to prevents the Israel / Palestine conflict from expanding.

NewsWare’s Trade Talk: Friday, October 20

S&P Futures are falling into the weekend. Cautiousness is in the air as tensions in the Middle East remain elevated. The U.S. vetoed a cease fire proposal issued by the UN. Fed Chairman Powell's comments about the economy were neutral, but the other Fed official that spoke yesterday gave indication that rate hikes are still on the table. In Europe, stocks are moving lower - Oil prices are higher as the U.S. is preparing to replenish the strategic reserves and oil traders are inching volatility higher ahead of this weekend.

NewsWare’s Trade Talk: Thursday, October 19

S&P Futures are inching higher this morning as the market looks to hear from Fed Chairman Jerome Powell and many of his colleagues today. With the recent economic data reports displaying stronger than expected growth, today's fed comments should deliver a clear indication of the status of a possible rate hike this year. NFLX is displaying strong gains this morning as its subscription numbers rose. TSLA is off as eps missed guidance. In Europe, stocks are displaying some weakness lower as bond yields have increased. - Oil prices down as the U.S. is providing sanction relief to Venezuela in return for free elections.

NewsWare’s Trade Talk: Wednesday, October 18

S&P Futures are weakening this morning. President Biden landed in Israel to news of an explosion at a hospital. This event has caused Jordan to cancel the peace summit. China released stronger than expected economic numbers this morning. Earnings remine in focus with earnings reports due out this afternoon from NFLX & TSLA. ELV, PG & NDAQ all delivered earnings beats this morning. In Europe, stocks are now firmly lower as Middle East tension has the major European markets moving lower - Oil prices are spiking as traders react to the latest news on the Israel / Hamas conflict.

NewsWare’s Trade Talk: Tuesday, October 17

S&P Futures are indicating a lower opening this morning. Middle East conflict remains key focus. Global diplomacy is in full swing with Biden going to Israel tomorrow. Economic data points for today are the reports on Retail Sales report and Industrial Production. JNJ BAC & BK delivered earnings beats. In Europe, stocks slightly lower, - Oil prices are positive.

NewsWare’s Trade Talk: Monday, October 16

S&P Futures are indicating a higher opening this morning. While the markets continue to monitor the situation in the Middle East, the conflict appears to be contained for the time being. This is a big week for earnings and economic events. A host of bank earnings are on the schedule as well as reports from NFLX & TSLA. Tomorrow Retail Sales report, housing data and a speech from Fed Chair Jerome Powell are on this week's schedule. In Europe, stocks have reversed early morning losses and are now higher on the day. Oil prices are mixed, and commentary form Gulf states continue to create volatility.

NewsWare’s Trade Talk: Friday, October 13

S&P Futures are indicating a lower opening today. There are multiple moving pieces this morning causing the negative sentiment. Markets are seeing a spike in oil prices as the conflict between Israel appears ready to launch a ground assault on the Gaza strip. Then we have the earnings announcements. BLK. JPM and UNH have already reported EPS beats, BLK & JPM beats were done on lower revenue. The MSFT takeover of ATVI was approved by British regulators. Consumer prices in China were unexpectedly flat in September, exacerbating worries over persistent deflationary pressures in the world's second-largest economy. In Europe, stocks are lower due to the China data and Middle East concerns. Oil prices are positive by more than 3.00%.

NewsWare’s Trade Talk: Thursday, October 12

S&P Futures are indicating a positive opening this morning. Today's CPI report will be key to the market's direction. A noticeable downplay of rate hike talk from FOMC members is having a positive effect on the markets. Delta delivered strong earnings report his morning. Dominos Pizza missed on revenue, while Walgreens eps came i lower then estimates. In Europe, stocks are higher in reaction to comments from central bankers and the GDP data out of the U.K. Oil is higher, btu this morning stockpiles data from the EIA today could weaken this morning's gains.

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.