NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Friday, May 19

S&P Futures are trading higher this morning driven by ongoing optimism around the debt ceiling talks and anticipation of Fed Chair Jerome Powell's speech later today. The positive sentiment appears to be reflected in European stocks as well, which are trading higher, while oil prices are also moving higher. It's worth noting that next week there are several retail stocks scheduled to release earnings. This could be an important event for the market, as the retail sector is closely watched for indicators of consumer spending and sentiment.

NewsWare’s Trade Talk: Thursday, May 18

S&P Futures are continuing to display positive momentum this morning after yesterday's bullish mover higher. Unless there are indications of the debt ceiling talks breaking, equities should be able to hold onto and expand the gains. Concerns of a Fed rate hike at next month's meeting are likely to be dispelled tomorrow as Fed Chair Jerome Powel is scheduled to speak. The chip sector is positive this morning on news of investment and partnership with Japan. CSCO is weakening on concerns of declining orders. WMT has yet to report. European stocks are positive and oil prices are slightly lower.

NewsWare’s Trade Talk: Wednesday, May 17

S&P Futures are higher this morning as the results from yesterday's debt ceiling talk appear to be positive. Speaker McCarthy said that a deal was possible by the end of the week. In yesterday's Fed Speak, Cleveland Mester wants to raise rates, Chicago's Goolsbee, Atlanta's Bostic, and New York Williams appear unlike to vote for a rate hike in the June meeting. Target delivered an earnings beat, but their forward guidance was weak. CSCO to release after the close. European stocks are mixed and oil is now trading higher.

NewsWare’s Trade Talk: Tuesday, May 16

S&P Futures are slightly lower ahead of this morning's retail sales report. Talks on the debt ceiling are scheduled for later this afternoon. Executives from Silicon Valley Bank & Signature Bank will appear before the Senate Banking Committee today. Today's calendar is full of Fed speak, and in addition, Treasury Secretary Janet Yellen is scheduled to speak at 9:00 am. European exchanges are higher and oil prices are flat to higher as the market starts to digest this morning monthly oil report from the International Energy Agency.

NewsWare’s Trade Talk: Monday, May 15

S&P Futures are higher this morning as the market is reacting to positive comments from President Biden on the debt ceiling talks. The Biden Administration and China are said to be having discussions to reset relations which are causing Chinese stock to rally this morning. AI stocks could see some volatility today as OpenAI's CEO is testifying before a Senate panel. Markets will be paying attention to tomorrow's Retail Sales report and earnings releases from major retailers. European exchanges are higher and oil prices are on the rise.

NewsWare’s Trade Talk: Friday, May 12

S&P Futures are higher this morning and the premaket trading is mostly positive this morning. Institutional brokers may be warning of storm clouds ahead, but their comments is doing little to dampening this mornings positive sentiment. The market has a host of near term uncertainties including the debt ceiling talks, regional bank concerns and a another possible rate hike if Fed Gov Bowman can convince her colleagues at the Fed. European exchanges are higher and oil prices have reversed course and are now higher.

NewsWare’s Trade Talk: Thursday, May 11

S&P Futures are higher this morning ahead of some key economic data reports. Yesterday's CPI report pointed to a more durable slowdown. Media outlets continue to push the narrative of the Fed cutting rates later this year, this is only likely if the economy suffers a significant setback. European exchanges are slightly higher this morning ahead of a monetary decision from the Bank of England. Oil is 0.5% higher this morning.

NewsWare’s Trade Talk: Wednesday, May 10

S&P Futures are soft this morning as the market awaits this morning's CPI print President Biden's & congressional leaders agreed to continue talks, and ahead of the meeting, House Speaker Kevin McCarthy ruled out a short-term debt ceiling extension. European exchanges are slightly lower this morning and oil is off by 1% as last night's stockpiles report was bearish.

NewsWare’s Trade Talk: Tuesday, May 9

S&P Futures are weakening this morning amid a host of potential catalysts. President Biden is meeting with congressional leaders today for the first round of debt ceiling talks. Data out of China indicated that imports slumped 7.9% in April against expectations of a modest rise. The market is also preparing for tomorrow's CPI report. European exchanges are lower and oil is slipping due to the China import data.

NewsWare’s Trade Talk: Monday, May 8

S&P Futures are trading higher this morning ahead of a big week of inflation readings. The Debt Ceiling issue will continue to make headlines this week, President Biden is scheduled to meet with Congressional leaders tomorrow. Over 1000 companies will be releasing earnings this week. The key economic report is the Fed's latest Sr Loan Officer Survey. European and oil futures are trading higher.