NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, November 13

S&P Futures are flat to lower this morning. Rating agency Moody's changed its outlook on the United States to negative, but the AAA rating remains in place for now. Boeing announced a host of new orders from the Dubai Airshow this morning. An inflation reading is due out tomorrow morning (CPI). Later this week, the U.S. & China leaders will be meeting at a summit in San Francisco to strengthen ties. In Europe, markets are trading higher. Oil prices are flat to higher this morning ahead of the release of the OPEC monthly oil report and the release of Stockpiles data.

NewsWare’s Trade Talk: Friday, November 10

S&P Futures are slightly lower this morning. Markets weakness is due to Fed Chair Powell's hawkish comments, yet markets are not expecting a rate hike in December. Powells hawkish narrative was echoed by other cental bankers. Next Fed meeting is Dec 13th and according to the CEM fedWatch tool, odds are 85% that there will not be a rate hike. The U.S. arm of China's biggest bank suffered a cyber-attack. In Europe, markets are trading lower. Oil prices are higher as Saudi Arabia's Energy Minister indicates his belief that the recent sell off is due to speculators and not demand.

NewsWare’s Trade Talk: Thursday, November 9

S&P Futures are positive this morning. Disney's positive earnings release along with the announcement that the movie studios & actors have reached an agreement to end the months long strike helping the markets this morning. Fed Chair Jerome Powell will be participating i a panel discussion today - it is expected that he will stick to his script that no decision has been made on rates and that the Fed is data dependent. CPI data out of China was weak but fell withing expectations. In Europe, markets are moving higher. Oil prices are rebounding but still significantly lower on the week.

NewsWare’s Trade Talk: Wednesday, November 8

S&P Futures are flat to higher this morning. Markets are focused on Fed Chairman Powell this morning. He is scheduled to deliver opening remarks at a conference this morning and may refrain from commenting directly on Fed policy. DIS is releasing earning after the bell. Democratics won key races in off-year elections. No progress is being made on the Debt Ceiling bill as the Nov 17 deadline approaches. In Europe, markets are moving lower, German industrial output fell. Oil prices are falling due to economic reports out of China.

NewsWare’s Trade Talk: Tuesday, November 7

S&P Futures are weakening this morning. Economic data for today includes U.S. Trade Balance and consumer credit, but it's the Fed speak that most traders will be paying attention to. Late yesterday, Minn Fed Neel Kashkari made it clear that he is not ruling out another rate hike. There are multiple Fed officials speaking today and it is unlikely that they will pivot from their positions on interest rates. In Europe, markets are moving lower, German industrial output fell. Oil prices are falling due to economic reports out of China.

NewsWare’s Trade Talk: Monday, November 6

S&P Futures are displaying slight gains this morning as sentiment remains positive as markets indicate that the Federal Reserve is done raising rates. Key economic data point for today will happen in the afternoon with the senior loan officer survey. After the bell today earning announcements are expected from NXPI, IFF, CE & SWAV. Israel's Netanyahu rejecting calls for a ceasefire. In Europe, markets are displaying some weakness due to the falling business activity in the Eurozone. Oil prices are higher as Saudi Arabia and Russia look to extend production curbs in December.

NewsWare’s Trade Talk: Friday, November 3

S&P Futures are slightly lower this morning after turning in strong gains yesterday. Earning results from AAPL last night is weighing on the markets this morning. Key economic data point for today is the Non Farm Payrolls. Figure should come in much lower than the Sept data which would be a positive factor for the markets today. Middle East tensions remain a concern as Israeli forces have encircled the northern region of Gaza. In Europe, markets are positive with the auto sector displaying gains. Oil prices are higher but remain on track for a weekly loss.

NewsWare’s Trade Talk: Thursday, November 2

S&P Futures are showing gains this morning as the markets sentiment remains positive as the Fed appears to be done with rate hikes. Multiple catalyst this morning including a monetary decision form the Bank of England, Jobless Claims and Factory Orders reports and upcoming earnings reports from AAPL. Disney is said to be purchasing Comcasts Hulu stake, Six Flags and Cedar Fair announced a merger this morning. In Europe, markets are displaying strong gains over optimism on the outcome of the Fed meeting yesterday. Oil prices are displaying 1% gains this morning.

NewsWare’s Trade Talk: Wednesday, November 1

S&P Futures are trading lower this morning Earnings reports overnight and this morning are rather negative. The big story of the day is the Fed announcement at 2:00, yet historically the markets become more volatile during Fed Chairman Jerome Powell's press conference. Aftr the bell today we have earing due out from LLY, ABNB, MCK, PYPL, EA, DASH, ROKU & Z. In Europe, Equities are flat to higher and oil prices are higher this morning.

NewsWare’s Trade Talk: Tuesday, October 31

S&P Futures are displaying positive action this morning. Earnings data overnight came in positive and no change in monetary policy is expected from the Fed tomorrow. In fact, the expectation is that Powell will indicate that a rate hike this year is very unlikely. China's PMI data came in weaker than expected and the Bank of Japan was not as hawkish as expected in its monetary policy statement last night. After the bell today, earning reports from AMD, CZR, MTCH & PAYC are due out. This morning we have beats from CAT & PFE. In Europe, Equities are mostly higher ahead of inflation and GDP reports and oil prices are rebounding this morning with pending stockpiles reports set to be released after the close and tomorrow morning.