NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Tuesday, September 5

S&P Futures are trading lower this morning as the market is concerned with the weak PMI figures from China and the EU. Goldman lowered its odds for a recession in the next 12 months due to recent labor and inflation data. Traders will be paying attention to Fed Speak this week ahead of the quite period that starts on Saturday. CME's Fed Watch tool indicate only a 7% chance of a rate high at the Sept FOMC meeting which takes place in two weeks. European stocks are lower this morning and Oil prices are weakening due to the drop in China's services PMI.

NewsWare’s Trade Talk: Friday, September 1

S&P Futures are trading higher this morning This morning focus is on the Non-Farms payrolls report which is to be release before the opening bell. DELL, LULU, MDB & S are higher on earnings reports. China's factory activity appears to have increased in August and Beijing rolls out more stimulus. In Europe, stocks are higher. Oil prices are displaying gains and are headed for a weekly gain.

NewsWare’s Trade Talk: Thursday, August 31

S&P Futures are positive this morning. This morning focus is on Jobless Claims and the PCE report due out before the opening bell. CRM, CRWD & OKTA are higher on positive earnings reports. China's PMI data remained in contraction mode; manufacturing activity was higher in August as compared to July. In Europe, stocks are mixed to higher ahead of this morning economic data releases. Oil prices higher as China's PMI data came in better than expected.

NewsWare’s Trade Talk: Wednesday, August 30

S&P Futures are slightly lower this morning. Autos & semiconductor stocks are weak. Employment data be a key focus again today with the ADP Employment report being released. Hurricane Idalia remains a key issue as the storm will make landfall today. In Europe, stocks are mixed to lower. Regional inflation data from Spain & Germany came in slightly hotter than anticipated. Oil prices remain elevated for now ahead of Hurricane Idalia making landfall. Also effecting oil prices was the API report which indicated a larger than expected draw on stockpiles.

NewsWare’s Trade Talk: Tuesday, August 29

S&P Futures are slightly positive this morning. Autos, banks, & oil stocks are showing gains. Employment data will be watch closely with the JOLTS report due out 30 minutes after the opening bell. The Fed data dependent mantra has the ability to create significant volatility in the markets. In Europe, the major indexes are showing gains & oil prices are ticking higher on news reports that China is pledging additional support for markets.

NewsWare’s Trade Talk: Monday, August 28

S&P Futures are flat to higher as the market continues to digest comments from Fed Chair Jerome Powell. China rolled out some stimulus measures over the weekend which is resulting in Chinese stocks moving higher this morning. MMM said to have reached a settlement in the earplugs case. Attention this week will be on Thursday's Personal Consumption Index (PCE) report and on Friday's Non-Farm Payrolls report. In Europe, the major indexes are showing gains & oil prices are ticking higher.

NewsWare’s Trade Talk: Friday, August 25

S&P Futures are higher this morning and bond yields are slightly higher this morning ahead of today's speech from Fed Chair Jerome Powell. Markets will be paying close attention to his speech and today's directional move will be based on his comments. In Europe, the major indexes are showing gains & oil prices are trading higher by more than 1%.

NewsWare’s Trade Talk: Thursday, August 24

S&P Futures are positive this morning with tech stock in focus as NVDA delivered strong earnings overnight. Market will soon turn its focus to tomorrow speech by Fed Chair Jerome Powel. Chairman Powell is expected to continue to his message that the inflation battle is far from over and the rates need to remain elevated for some time. In Europe, the major indexes are showing gains & oil prices are slightly higher as the dollar has weakened.

NewsWare’s Trade Talk: Wednesday, August 23

S&P Futures are trading higher this morning as the market are bulling on the weakening economic data out of Europe this morning. The weaking data is an indication that the Fed's policy of raising rates is having its desired effect and is slowing down the global economy as the Fed works towards its 2% inflation target. Earnings and today's PMI reading will be in focus today. In Europe, stocks are trading higher & oil prices are falling.

NewsWare’s Trade Talk: Tuesday, August 22

S&P Futures are trading higher this morning with tech stocks in focus as AI favorite Nivida is scheduled to release earnings tomorrow afternoon. The banking sector is on watch as S&P lowered its credit ratings on KEY, CMA, VLY UMBF and other smaller banks. Retail stocks will be active on earnings announcement this morning as M BJ, COTY DKS, BIDU LOW are reporting. In Europe, stocks are higher with technology stocks moving higher. Oil prices are slightly lower ahead of stockpile reports.