NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Monday, March 6

S&P Futures are trading slightly higher this morning. Traders are focused on Fed Chair Jerome Powell's testimony this week. Later this morning Factory Orders for Jan are scheduled for release. China set a 5% growth target for this year over the weekend. As a result mining stocks are trading lower. European exchanges are mostly higher and oil is off by more than 1.5%.

NewsWare’s Trade Talk: Friday, March 3

S&P Futures are on the rise this morning and attempting to finish out the week on the first weekly gain since January. The market's momentum turned positive yesterday due to comments from Atlanta Fed bank president Raphael Bostic. He indicated he would be in favor of a rate pause by summer. Today market action will be focused on the Feb PMI report and fed speak from a host of FOMC officials today. Asian markets closed higher, European exchanges are higher and oil is lower.

NewsWare’s Trade Talk: Thursday, March 2

S&P Futures are moving lower this morning and attempting to rebound. Rising bond yields are weighing on the markets this morning. Yesterday's Fed Speak indicates that rate hikes above 5%. CRM, M & BURL are trading significantly higher due to positive earnings reports. European market are lower while oil prices are gaining.

NewsWare’s Trade Talk: Wednesday, March 1

S&P Futures are moving higher after a rocky month of trading in February. Today's move higher is due to a spike in Factory activity out of China overnight. China's PMI data jumped from 50.1 in Jan to 52.6 in Feb and caused global markets to move higher. This morning, traders are anticipating U.S. manufacturing data releases and earnings reports from a host of key retailers. European stocks are higher and oil is lower due to elevated production levels.

NewsWare’s Trade Talk: Tuesday, February 28

S&P Futures have gone from red to green and are now indicating a higher opening. This morning we have a host of economic reports due out before the opening bell. Earnings reports from major companies are showing beats. Chevron is raising its buyback guidance. Markets in Europe have also turned higher and Oil is now u over 1%.

NewsWare’s Trade Talk: Monday, February 28

S&P Futures are pointing towards a higher opening this morning. GDP Data for Jan is due out before the bell. PFE is said to be in early talks to buy SGEN and we have a host of quality earnings announcements due out this week. European markets are displaying gains and oil is trading higher.

NewsWare’s Trade Talk: Friday, February 24

S&P Futures are indicating a lower opening today. The market is showing concerns with this morning's PCE report which is a key data point that the Fed uses when assessing interest rates, The market is expecting a 4.3% to 4.4% rise on the core index, as a result, tech stocks are weakening. Boeing is trading lower as deliveries of the Dreamliner have been halted. European markets are weakening and Oil futures are trading higher.

NewsWare’s Trade Talk: Thursday, February 23

S&P Futures are on the rise this morning. A positive earnings report after the close yesterday from NVDA and BABA strong report this morning is helping to push futures higher this morning. Today we have Jobless Claims, a GDP report, and we will be hearing from two dovish FOMC members later today. Overseas, we see European exchanges mainly trading higher and oil is rebounding.

NewsWare’s Trade Talk: Wednesday, February 22

S&P Futures are flat to slightly higher this morning. The markets are awaiting the release of the Fed's meeting minutes which are expected to shed some light on the path of interest rates. The recent move lower started as two non-voting Fed members commented on a 50 basis point hike last week. European markets are lower and Oil futures are down close to 1% this morning.

NewsWare’s Trade Talk: Tuesday, February 21

S&P Futures are under pressure this morning. This morning we are watching some geopolitical tensions unfold between the U.S. and Russia. Later this morning watch for the PMI Composite Flash report which is due out after the market opens and tomorrow the Fed will be releasing its FOMC meeting minutes. Home Depot is trading lower as retail feels that 2023 revenue will be flat. European exchanges are slightly lower while Oil prices (WTI) are gaining.