NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Friday, May 26

S&P Futures are positive ahead of this morning key inflation reading. Debt Ceiling talk appear positive as the media indicates a framework of an agreement is starting to form. Once debt issue is resolve, all eyes will be back on upcoming OPEC and FOM meetings. European markets have reversed direction and are not trading higher and oil futures are positive in the pre market.

NewWare’s Trade Talk: Thursday, May 25

S&P Futures are displaying strong gains this morning on the back of blowout earnings from AI chip maker NVDA. The overall market remains cautious due to the ongoing stalemate on the Debt Ceiling decision. Credit rating agency Fitch has placed the U.S. "AAA" credit rating on a "negative" outlook. Markets will be paying atteniton to earnings, econimic reports , fed speak and political comments on the debt ceiling talks today. Europe is trading lower and oil is giving back some of yesterdays gains.

NewsWare’s Trade Talk: Wednesday, May 24

S&P Futures are continuing to weaken this morning. House Speaker Kevin McCarthy said the two sides are "not anywhere near close" to a debt-ceiling deal. Covid cases in China are on the rise and may peak at 65 million infections a week towards the end of June. This afternoon the FOMC will be releasing the meeting minutes from the FOMC meeting earlier this month. The minutes will likely have a hawkish tone. European exchanges are lower and Oil is gaining.

NewsWare’s Trade Talk: Tuesday, May 23

S&P Futures are slightly lower in choppy trading this morning with the ongoing debt ceiling discussion continuing to be a key factor for the markets. Yesterday's discussions were described as productive but without progress suggesting that there is still a significant degree of uncertainty surrounding the outcome of the negotiations. BABA is said to be cutting 7% of cloud staff. Guardant Health prices upsized 12.5m share offering at $28 suggests that the company is looking to raise capital to fund its growth initiatives. Shutterstock to acquire GIPHY from Meta for 53m. European exchanges are mixed this morning and Oil has started to move higher.

NewsWare’s Trade Talk: Monday, May 22

S&P Futures are flat to lower in the pre-market this morning. Markets are paying close attention to the Debt ceiling talks and Biden and McCarthy who are scheduled to meet later today. Media reports a productive phone call was held on Sunday. Over the weekend, President Biden said that he expects relations should improve very shortly between the U.S. and China. Meta Platforms were hit with a 1.3 billion fine by EU regulators. Micron is off 6% in the pre-market after China banned the company's chips from being used in critical information systems. There is a lack of economic reports scheduled for release today could lead traders and media outlets to focus on other economic events, such as St. Louis Fed James Bullard's speech, which could potentially influence market sentiment. European markets are mixed and oil is trading lower.

NewsWare’s Trade Talk: Friday, May 19

S&P Futures are trading higher this morning driven by ongoing optimism around the debt ceiling talks and anticipation of Fed Chair Jerome Powell's speech later today. The positive sentiment appears to be reflected in European stocks as well, which are trading higher, while oil prices are also moving higher. It's worth noting that next week there are several retail stocks scheduled to release earnings. This could be an important event for the market, as the retail sector is closely watched for indicators of consumer spending and sentiment.

NewsWare’s Trade Talk: Thursday, May 18

S&P Futures are continuing to display positive momentum this morning after yesterday's bullish mover higher. Unless there are indications of the debt ceiling talks breaking, equities should be able to hold onto and expand the gains. Concerns of a Fed rate hike at next month's meeting are likely to be dispelled tomorrow as Fed Chair Jerome Powel is scheduled to speak. The chip sector is positive this morning on news of investment and partnership with Japan. CSCO is weakening on concerns of declining orders. WMT has yet to report. European stocks are positive and oil prices are slightly lower.

NewsWare’s Trade Talk: Wednesday, May 17

S&P Futures are higher this morning as the results from yesterday's debt ceiling talk appear to be positive. Speaker McCarthy said that a deal was possible by the end of the week. In yesterday's Fed Speak, Cleveland Mester wants to raise rates, Chicago's Goolsbee, Atlanta's Bostic, and New York Williams appear unlike to vote for a rate hike in the June meeting. Target delivered an earnings beat, but their forward guidance was weak. CSCO to release after the close. European stocks are mixed and oil is now trading higher.

NewsWare’s Trade Talk: Tuesday, May 16

S&P Futures are slightly lower ahead of this morning's retail sales report. Talks on the debt ceiling are scheduled for later this afternoon. Executives from Silicon Valley Bank & Signature Bank will appear before the Senate Banking Committee today. Today's calendar is full of Fed speak, and in addition, Treasury Secretary Janet Yellen is scheduled to speak at 9:00 am. European exchanges are higher and oil prices are flat to higher as the market starts to digest this morning monthly oil report from the International Energy Agency.

NewsWare’s Trade Talk: Monday, May 15

S&P Futures are higher this morning as the market is reacting to positive comments from President Biden on the debt ceiling talks. The Biden Administration and China are said to be having discussions to reset relations which are causing Chinese stock to rally this morning. AI stocks could see some volatility today as OpenAI's CEO is testifying before a Senate panel. Markets will be paying attention to tomorrow's Retail Sales report and earnings releases from major retailers. European exchanges are higher and oil prices are on the rise.