At NewsWare‘s Trade Talk, we provide up-to-the-minute market moving news along with the facts, themes and trading ideas for the day ahead.
Episodes
Monday Apr 03, 2023
Monday Apr 03, 2023
S&P Futures are trading slightly lower this morning. The market is reacting to Saudi Arabia's decision to cut oil production. Oil prices are trading + 5% higher from Friday's close. In the week ahead several labor reports are being released including the Non-Farms Payrolls report which is scheduled for Friday, and equity markets are closed on Friday. There is takeover news in WWE and EXR this morning and DIS is hosting a shareholders meeting today.
Friday Mar 31, 2023
Friday Mar 31, 2023
S&P Futures are trading higher this morning as the markets await a reading on inflation with the release of the PCE data this morning. There are a host of Fed officials scheduled to speak today and the earnings calendar is light today. European markets are positive and oil is higher this morning.
Thursday Mar 30, 2023
Thursday Mar 30, 2023
S&P Futures are displaying another day of solid gains as the concerns over the banking sector continue to ebb. This morning watch for some key economic indicators set for release and we have a host of Federal Reserves speeches set for today. The earnings calendar is light today. European shares are higher and oil is gaining.
Wednesday Mar 29, 2023
Wednesday Mar 29, 2023
S&P Futures are displaying significant strength this morning with bank shares showing strength. Markets appear to be confident that the banking sector is sound. We has a host of positive earnings last night and today the market will continue to monitor comments from Fed Vice Chair Barr as he is scheduled for another day of testimony on capital hill. European markets and higher and oil is trading higher this morning.
Tuesday Mar 28, 2023
Tuesday Mar 28, 2023
S&P Futures are trading slightly lower this morning. Markets will be digesting a host of economic reports plus a meeting of regulators on Capital Hill where the topic will be the recent banking crisis. European markets are flat to lower and oil remains higher but has given back some of its earlier gains.
Monday Mar 27, 2023
Monday Mar 27, 2023
S&P Futures are trading higher this morning and the sentiment is positive. Over the weekend a deal was announced for First Citizens to acquire much of the failed Silicon Valley Bank. The news is positive for the banking sector and prices are starting to recover. European markets are displaying good gains on various indexes and oil futures are trading 1% higher this morning.
Friday Mar 24, 2023
Friday Mar 24, 2023
S&P Futures are clearly pointing to a negative opening with the banking sector in focus. Traders are continuing to show concern over the stability of the financial sector. This morning's key economic data point will be the Durable Goods order. St Louis Fed Bank President James Bullard is also scheduled to speak, Mr. Bullard has a history of making startling statements that the broadcast media loves. European markets are lower and oil is trading 3% lower this morning.
Thursday Mar 23, 2023
Thursday Mar 23, 2023
S&P Futures are displaying solid gains this morning. While the Fed raised rates by 25 basis points, the key is in the forecast. While markets sold off during Fed Chairman Jerome Powell's press conference, traders are reassessing their positions as the Fed clearly signaled just one more hike this year. Tech stocks are moving higher this morning and are benefitting from the notion that the Fed will cease rate hikes. European markets are lower and oil is giving back some of yesterday's gains.
Wednesday Mar 22, 2023
Wednesday Mar 22, 2023
S&P Futures are flat to higher which is typical on day when an announcement is scheduled from the FOMC. Expectations are for a 25% basis point hike, but the outcome remains questionable due to the recent banking crisis. Fed Chair Jerome Powell's press conference is scheduled for 02:30 pm and will likely create volatility and spook the markets. The Treasury markets are experiencing a liquidity issue which will likely be a topic that Powell will need to comment on. European exchanges are mixed to higher and oil is lower ahead of the EIA data.
Tuesday Mar 21, 2023
Tuesday Mar 21, 2023
S&P Futures are displaying a strong move to the upside this morning as anxiety over the banking sector has eased. Traders are now looking ahead to tomorrow's FOMC announcement. The market is no longer considering a 50 basis point hike, a 25 basis point hike is possible or the Fed could leave rates unchanged. The key to tomorrow's announcement will be the projections. European exchanges are higher and oil futures are gaining.