NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, March 20

S&P Futures have turned higher this morning and are currently higher by 0.13%. Earlier this morning the futures contract was displaying significant losses. European stocks have also turned higher, Oil is still down, but climbing higher. UBS has announced a 3.25B deal to acquire Credit Suisse. Signature Bank is being taken over by New York Community Bancorp.

NewsWare’s Trade Talk: Friday, March 17

S&P Futures are trading lower this morning with the focus remaining on the bank's stocks. First Republic gets a lifeline as 11 major banks inject 30 billion in deposits. Despite the recent issues in the banking sector the market continues to expect a 25 basis point hike at next weeks FOMC meeting. Baidu wins permit to roll out driverless robotaxi vehicles in Beijing.

NewsWare’s Trade Talk: Thursday, March 16

S&P Futures are trading lower this morning even though the Swiss National Bank is providing a 53B loan to Credit Suisse. The market is awaiting an ECB announcement on interest rates this morning. There are a host of economic reports due out this morning, but the banking sector remains the key focus of the markets today. Oil is slightly higher and European markets are displaying good gains ahead of the ECB announcement.

NewsWare’s Trade Talk: Wednesday, March 15

S&P Futures are trading lower this morning due to global banking worries sparked in part by Credit Suisse. This morning we have a host of key economic reports due out, but its the Bank Stocks and rapid tightness in financial conditions is the key topic on traders' minds this morning. Credit Suisse shares are off another 25% this morning.

NewsWare’s Trade Talk: Tuesday, March 14

S&P Futures are trading higher this morning ahead of inflation data that has taken on added importance given the volatility in the banking sector. Banking stocks are showing gains this morning. Airlines are showing some weakness this morning as UAL guides for quarterly loss on lower demand, and higher fuel prices. UBER, LYFT & DASH are higher as California court affirms tights for employees to treat the drivers as contractors.

NewsWare’s Trade Talk: Monday, March 13

S&P Futures are trading higher this morning but have given up a good chunk of gains as traders refocus on the banking sector. While regulators have stepped in to provide security to depositors, lingering questions remain causing continued weakness in the sector. The two leading bank analysts for the past 2 decades are Mike Mayo and Dick Bove. Both are saying that this is not another issue like what we have seen in 2008. The good news is that the Fed is now unlikely to raise rates at next week's FOMC meeting. Boeing is received clearance to resume delivery of its 787 Dreamliner from the FAA and they are soon to announce new orders from Japan Airlines and the new Saudi Arabia airline. Seagen agreed to a $43B buyout from Pfizer ($229 per share).

NewsWare’s Trade Talk: Friday, March 10

S&P Futures are trading flat to lower but trending higher from being down 0.50% earlier this morning. The key event today will be the release of the Non-Farms payrolls report which is a key indicator used by the Fed when making monetary policy decisions. The health of the banking sector remains in focus as SVB Financial is facing an emergency capital raise. Asian market fell overnight and European markets are weak ahead of this morning's jobs report.

NewsWare’s Trade Talk: Thursday, March 9

S&P Futures are trading slightly lower this morning as traders weigh the possibility of a 50 basis point hike in interest rates at the upcoming FOMC meeting. Traders are now pricing in a 76% probability of a 50-basis-points hike in March, up from 31% a week ago. This morning's Jobs report will be closely watched and after the bell, watch for earnings from GPS, MTN, DOCU, ULTA, and ORCL.

NewsWare’s Trade Talk: Wednesday, March 8

S&P Futures are trading slightly higher this morning ahead of another day of testimony from Fed Chair Jerome Powell. The economic calendar is active with a focus on employment data today. The Bank of Canada is expected to make an announcement on interest rates today at 10:00 am. Oil is mixed and falling, and European markets are mixed to higher.

NewsWare’s Trade Talk: Tuesday, March 7

S&P Futures are trading slightly higher this morning ahead of a Senate appearance by Fed Chair Jerome Powell today, traders will be paying close attention to his comment for clues about the central bank's coming interest rate decision. Tensions between the U.S. and China continue to rise as top govermental officials issue harsh comments on the U.S. plans to compete with China is certain sectors. Overnight Asian market were slightly higher. European markets are up and oil futures are falling this morning in the pre-market.