NewsWare‘s Trade Talk

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.

NewsWare’s Trade Talk: Tuesday, September 12

S&P Futures are slightly lower this morning as the market awaits reports from OPEC this morning and of course tomorrow's CPI report. The House is back in session today and talks on the spending bill likely to dominate the news on Capital Hill. UAW contract with the auto makers expires Thursday at 11:59 pm. Apple is set to release the iPhone 15 today. The upcoming ARM IPO is said to be oversubscribed. European stocks are mixed to lower this morning. Oil prices higher as the markets awaits the latest comments from OPEC & the IEA.

NewsWare’s Trade Talk: Monday, September 11

S&P Futures are trading higher this morning with the focus on upcoming coming economic reports. This week we have CPI, PPI and Retail Sales reports due out. FOMC meeting is not till next week, but fed official are indicating a skip in rate hikes. European stocks are higher this morning with an ECB announcement due this week. Oil prices slightly lower as the health of the Chinese economy is in question.

NewsWare’s Trade Talk: Friday, September 8

S&P Futures are leaning lower this morning as the market continues to be cautious on the outlook for interest rates. Two more Federal Reserve policymakers hint that the central bank is inclined to skip hiking interest rates at this month's FOMC meeting. Major banks are showing gains as IPO activity is said to be on the upswing. European stocks are negative this morning Oil prices have reversed course and are now trading higher.

NewsWare’s Trade Talk: Thursday, September 7

S&P Futures are trading are trading lower this morning with concern about the Fed's next move looming over the markets. Investors have a number of economic reports to watch including the latest jobless claims and will be looking for clues in a bunch of Fed speak scheduled today. 

NewsWare’s Trade Talk: Wednesday, September 6

S&P Futures are trading lower this morning as higher bond yields along with rising oil prices has traders worried that inflation is coming back. GTLB, HQY & ZS are higher on earnings news. The markets will be paying attention to the services-sector activity data and the Fed's Beige Book due later in the day for their policy implications. Airlines have release statements on concerns of higher oil prices. Applications for a mortgage to purchase a home fell 2% for the week and were 28% lower than the same week one year ago. European stocks are lower this morning due to weak factory orders out of Germany. Oil prices are slightly lower this morning.