NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Tuesday, September 26

S&P Futures are pushing lower this morning. Key catalyst this morning are the comments from Moody's about a possible credit downgrade due to the lack of effective government. Infighting in the republican party over leadership & the debt ceiling bill is putting Moody's credit rating on watch. The Auto works strike is entering its 12th day, without a resolution in sight. China's property sector is in a dire situation as Evergrande was unable to refinance its debt. In Europe, stocks are mostly lower. Oil futures falling due to economic concerns out of China.

NewsWare’s Trade Talk: Monday, September 25

S&P Futures are trader slightly lower this morning but are well off this morning earlier lows. Key factor today is the Chinese property sector as one of the major firms will likely be forced to liquidate. The Auto works strike continues without any progress over the weekend. Writers Guild struck a deal last night with movie and tv producers to end their strike. A governmental shutdown remains a possibility if no progress is made this week. Markets remain anxious and Friday's PCE data report will be a reoccurring topic this week. In Europe, the major indexes are lower. Oil futures are gaining this morning due to increased fuel demand out of China.

NewsWare’s Trade Talk: Friday, September 22

S&P Futures are trending higher this morning ahead of this morning's PMI release. European stocks are lower this morning ahead of the Bank of England's interest rate decision. MSFT deal to buyout Activision got a positive indication from U.K regulators. AI and Fintech stocks are positive this morning, oil stocks are also higher. In Europe, the major indexes are mixed, but off their earlier lows. Oil futures are gaining this morning.

NewsWare’s Trade Talk: Thursday, September 21

S&P Futures are trending lower this morning as the Fed's indicates that interest rates will remain elevated for longer. Dot Plot data sees only 2 rate cuts next year. FDX released better than expected earnings last night. An announcement is expected this morning that the writes strike is over. UAW & the Auto makers are nowhere closer to a deal and additional stike action is expected on Friday. Speaker McCarthy indicated that progress is being made on the defense-appropriations bill. Ukraine funding is becoming an issue. European stocks are lower this morning ahead of the Bank of England's interest rate decision. Oil futures are falling this morning as the Fed indicates slower growth ahead.

NewsWare’s Trade Talk: Wednesday, September 20

S&P Futures are higher this morning as the markets await today's Fed announcement. Markets seem to have already priced in rates saying higher for longer. Debt ceiling talks remain at a standstill. Ford is said to have reached an agreement with the UAW in Canada, however, in the U.S. the UAW and the automakers remain far apart. European stocks are mostly higher due to economic data released this morning. Oil futures are falling this morning as the markets appear to be overbought.

NewsWare’s Trade Talk: Tuesday, September 19

S&P Futures are slightly higher this morning. The FOMC meeting begins today which will likely cap the prospects for volatility today. Talks between the auto makers and the UAW are stalling, the UAW is planning to expand the strike to additional sites on Friday. President Biden is schedule to speak at the UN this morning. Congressional republicans are unable to obtain on a consensus on the debt ceiling which is increasing the odds of a government shutdown on Oct 1. European stocks are mostly higher as the autos, energy and insurance stocks are displaying gain. Oil futures are displaying a strong move higher this morning.

NewsWare’s Trade Talk: Monday, September 18

S&P Futures are slightly higher this morning as the market awaits the Fed's monetary policy announcement due out on Wednesday afternoon. Talks between the UAW and the big three auto makers remain far apart. European stocks are lower as the autos, luxury goods and tech are displaying weakness. Oil futures continue to trade higher on expectations of demand from China.

NewsWare’s Trade Talk: Friday, September 15

S&P Futures are slightly lower this morning, yet the sentiment is positive. Economic data out of China this morning came in better than expected. Factory output and consumer spending data rose. The UAW has initiated a limited strike at 3 selected auto plants in different states. DIS is said to have received a 10B offer for its ABC TV network form investor Byron Allen. The ARM IPO remains an active issue this morning as the stock is higher by 6.78%. European stocks are showing positive action this morning and oil futures will likely finish the week with another weekly gain.

NewsWare’s Trade Talk: Thursday, September 14

S&P Futures are higher this morning ahead of key reports on PPI and Retail Sales which are due out 1 hour before the market opens. Auto makers are on watch as the UAW contracts expires this evening. China's Central Bank to cut reserve requirement ratio further. Semiconductors could get a boost today as ARM is expected to start trading. European stocks are mixed this morning and oil futures are positive this morning with a gain of more than 1%.

NewsWare’s Trade Talk: Wednesday, September 13

S&P Futures are slightly lower and oil is trading higher this morning. The Labor Dept will be releasing CPI data for August. 1 hour after the market opens, the official oil stockpiles report is due out. Auto sector remains on watch ahead of a potential strike announcement when the UAW contract expires at midnight tomorrow. The upcoming ARM IPO is said to be oversubscribed. CEO of BP resigned abrutply yesterday. European stocks are lower this morning, the U.K.'s GDP contracted 0.5% in July.