NewsWare‘s Trade Talk

NewsWare's Trade Talk: Thursday, March 21

S&P Futures are displaying solid gains this morning as yesterday's Fed news is sparking a rally in equities. Fed Chairman Jerome Powell was dovish in his press conference. This morning's PMI data for manufacturing and services will be widely watched. On the earnings front, Micron delivered a positive report sending the shares higher. This afternoon we have reports due out from NKE, FDX & LULU. Apple shares are week as an announcement from the DOJ is expected today. European markets are higher, there is a BOE rate decision today and Oil prices are displaying weakness this morning.

NewsWare's Trade Talk: Wednesday, March 20

S&P Futures are lower this morning and are in a tight trading range which is typical pending an announcement by the Fed on monetary policy. The updated Dot Plot data will provide the markets with indication as to the timing and the number of possible rate cuts in 2024. Intel is showing strong gains this morning as they will be receiving an $8.5B grant from the Chips Act later today. Shares of Chipotle Mexican Grill are higher after the board approved a 50-for-1 split of the fast-casual restaurant chain's common stock. Boeing shares are lower as their CFO said that the company is limiting production of its 737 planes. European markets are mixed to lower and Oil prices are displaying weakness this morning ahead of a key stockpiles report.

NewsWare's Trade Talk: Tuesday, March 19

S&P Futures are lower this morning as traders show caution ahead of tomorrow's FOMC announcement. Overnight, the Bank of Japan lifted interest rates and gave dovish guidance. At the Nivida conference late yesterday, they introduced its new Blackwell chip system. In Europe, markets are mainly higher. Oil prices are slightly lower this morning.

NewsWare's Trade Talk: Monday, March 18

S&P Futures are trading higher this morning as markets await monetary decisions from the BOJ, FOMC & the BOE this week. The BOJ is expected to hike interest rates while the FOMC & the BOE are expected to leave rates unchanged. Wednesday announcement will include an update to the Feds Dot Plot which is expected to show Fed members penciling in 2 rate cuts this year, down from 3. Apple is said to be in talks with Google over the use of its Gemini AI tool in its new iPhone. Nivida GTC Developers conference starts today, Keynote address to discuss the company's latest AI offerings. President Biden is expected to announce a chip grant on Wednesday in Arizona. Earning announcement this week include MU, FDX, LULU & NKE. In Europe, markets are mainly higher. Oil prices are also positive this morning with both contracts at 3-month highs.

NewsWare's Trade Talk: Friday, March 15

S&P Futures are trading higher this morning ahead of multiple economic releases due out this morning. Markets expected to have some near-term volatility as there is a FOMC meeting next week. June rate cut expectations are falling. Key take away from next week's meeting is likely to be a revised Dot Plot. The BOJ is expected to announce an increase in interest rates on Monday. Chip stocks under pressure this morning as China urges EV makers to buy chips domestically. Next week, watch for earnings announcements from MU, FDX, LULU & NKE. In Europe, markets are mainly higher Oil prices are lower, but expected to finish the week with a strong weekly gain.

NewsWare's Trade Talk: Thursday, March 14

S&P Futures are displaying solid gains this morning as the market eagerly anticipates the release of key US economic indicators, including producer price data. The PPI data is used to calculate the PCE data which is due out on March 20th. In deal news, PARA sells its 13% stake in Viacom 18 to India's Reliance, AZN to buy rare-disease specialist Amolyt Pharma. Earnings from ULTA & ADBE are due out after the bell today. FOSL, QSR & UA announced CEO changes. In Europe, markets are trading higher Oil prices are gaining this morning on the back of the monthly report from the International Energy Agency.

NewsWare's Trade Talk: Wednesday, March 13

S&P Futures are moving slightly higher morning. The economic calendar is light this morning and Federal Reserve officials are in their black out period ahead of next week's FOMC meeting. Earnings from DLTR, WOOF and WSM are due out his morning and PATH, S & LEN are due out after the bell. In Europe, markets are trading higher Oil prices are gaining this morning ahead of the release of the monthly OPEC report.

NewsWare's Trade Talk: Tuesday, March 12

S&P Futures are positive this morning with this morning's CPI release in focus. The February report is likely to reflect a continued gradual disinflation process in the US, although the inflation rate remains elevated.  In an interview last night, JPM CEO Jamie Dimon suggested the Fed needs to wait longer before cutting interest rates. Shares of ORCL are higher by 13% this morning after last night's earning release. In Europe, markets are trading higher Oil prices are gaining this morning ahead of the release of the monthly OPEC report.

NewsWare's Trade Talk: Monday, March 11

S&P Futures are in the red this morning with tomorrow report on inflation in focus. While tomorrows release is expected to show a decrease in the core, it is not expected to be in a range that the Fed wants to see before they start moving forward with rate cuts. Shares of Boeing are lower this morning on news that the Justice dept is considering a criminal probe into manufacturing concerns. After the bell today earnings announcements are expected from ORCL, CASY & MTN. In Europe, markets are trading lower due to the pending inflation reports due out this week. Oil prices are slightly lower this morning.

NewsWare's Trade Talk: Friday, March 8

S&P Futures are displaying slight gains this morning ahead of this morning Non-Farms Payrolls report from the Labor Dept which could shed some light on the state of U.S. labor demand and influence how the Federal Reserve approaches upcoming interest rate decisions. Fed Chair Jerome Powell, meanwhile, says policymakers are "not far" from having the confidence that inflation is sustainably easing, fueling hopes for rate cuts this year. Fed Chair appeared dovish in his appearance before the Senate yesterday. Bidens' State of the Union speech was more political and did not contain any significant items that would drive markets today. In Europe, markets are slightly higher as the ECB displayed a dovish tone at the conclusion of the ECB meeting yesterday. Oil prices have reversed course and are now trading lower.