NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Thursday, January 11

S&P Futures are positive this morning. Key event occurs in the pre-market with the release of CPI data. Markets will also be paying attention to the financial stocks today as a number of big banks are set to release earnings tomorrow. SEC approve a spot bitcoin ETF. Chesapeake to buy Southwestern Energy in a 7.4B deal. In Europe, stocks are displaying positive action and oil prices are higher by more than 1.85%

NewsWare’s Trade Talk: Wednesday, January 10

S&P Futures are essentially flat this morning. Key events today include an announcement from the SEC on a spot bitcoin ETF, A speech by NY Fed John Wiliams and the oil stockpiles report. Markets are gearing up for the publication of the U.S. consumer price index for December which is due out tomorrow morning. In Europe, stocks ae weakening as economic data out of Germany remains weak. Oil prices are rebounding this morning with a focus on Middle East tensions

NewsWare’s Trade Talk: Tuesday, January 9

S&P Futures are weak this morning. Boeing shares continue to slide in the pre markets. Healthcare stocks are mostly positive as M&A activity in the sector remains active. Elliott Mgmt is said to have taken 1 1B stake in Match.com. In Europe, stocks ae weakening as economic data out of Germany remains weak. Oil prices are rebounding this morning with a focus on Middle East tensions.

NewsWare’s Trade Talk: Monday, January 8

S&P Futures are trading slightly lower this morning with shares of Boeing off by 8%. The FAA grounded some of its jets due to safety concerns. Democratic & Republican leaders in Congress announced that they have reached an agreement to set the federal spending limit for the 2024 fiscal year at roughly $1.66 trillion. Fed speakers voice concern on markets expectations on rate cuts. In Europe, equities are flat to lower as overnight losses in Chinese equities and upcoming CPI data this week has the markets in a semi holding pattern. Oil prices are down hard on a news announcement from Saudi Arabia concerning its Feb selling price.

NewsWare’s Trade Talk: Friday, January 5

S&P Futures are displaying weakness this morning ahead of this morning key employment report which is due out 1 hour before the opening today. Markets are reducing expectations on a March rate cut which is causing equities to slide. This morning we are also seeing selling pressure in Europe; selling is broad based as trade disputes with China and economic releases being the major factors. Oil prices are higher and should end the week out with a gain.

NewsWare’s Trade Talk: Thursday, January 4

S&P Futures are slightly higher this morning as markets continue to digest the release of the Feds meeting minutes from yesterday. There are a host of earnings this morning, Walgreens deliver a 3-cent beat and the stock is higher. Mobileye shares are falling hard due to f2024 guidance data. Employment data take center stage today with the ADP and jobless claims due out, Non-Farm Payrolls reports is due out tomorrow. European markets are cautiously higher and Oil prices are displaying gains of about 1% with Middle East tensions and stockpiles reports in focus.

NewsWare’s Trade Talk: Wednesday, January 3

S&P Futures continue to weaken as markets start to consider the possibility that the Fed may not cut rates until later in the year. This morning JOLTS data is on watch, but this afternoon release of the Fed meeting minutes will be the key economic event of the day. Seeing positive action in healthcare stocks this morning. European markets are lower and Oil prices are continuing to weaken.

NewsWare’s Trade Talk: Tuesday, January 2

S&P Futures are displaying weakness this morning with Middle East tensions and pending economic data reports in focus this morning. Treasury yields are moving higher as markets prepare for a slew of economic data this week including PMI data today, Fed meeting minutes tomorrow and Friday's Non Farm payrolls report. European markets opened higher by have starting to pull back this morning. Oil is prices are higher with as Middle East tension rise on the announcement that Iran is sending a warship into the Red Sea.

NewsWare’s Trade Talk: Friday, December 29

S&P Futures are higher again this morning and the index closed in on a record close. The U.S. Navy shot down a drone & an anti-ship ballistic missile in the southern part of the Red Sea. Google reached a settlement on privacy tracking lawsuit. BA announced that all 737 Max jets in China are back in service. NVDA has announced a new chip that will comply with U.S. export restrictions to China. European markets are trading higher in light volume this morning. Oil is prices are higher with events in the Middle East being the key focus today.

NewsWare’s Trade Talk: Thursday, December 28

S&P Futures are flat to higher this morning and the dollar continues to fall. The year in rally is based on expectations the central banks cutting rates in 2024. There are multiple economic reports due out today, but the markets main source of volatility remains the conflict in the Middle East. Airlines, Chinese tech stocks, healthcare are positive this morning. European markets are slightly lower with weakness in oil and mining stocks. Oil is prices are lower with today's stockpiles report from the EIA in focus.