NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Wednesday, December 7

S&P Futures are trading lower this morning as the market continues to display concerns about the anticipated economic damage that is likely to occur due to the Fed rate hikes this year. CEOs from JPM, BAC & GS have indicated that inflation and rate hikes will likely take a toll on the markets in 2023. China took another step away from its stringent Covid-19 controls, easing quarantine and testing requirements and curtailing the power of local officials' ability to enforce lock downs.

NewsWare’s Trade Talk: Tuesday, December 6

S&P Futures are flat to higher this morning as the market awaits a catalyst event between now and the FOMC meeting next week. Oil remains weak and is lower this morning by more than 1% which indicates both a demand concern and that the effects of the Russian oil price caps are starting to take effect. Bond Yields are mixed this morning after jumping in the previous few session following robust economic data.

NewsWare’s Trade Talk: Monday, December 5

S&P Futures are weak this morning down 0.37% in the pre-market. The surge seen in the Asian markets has not carried through to the European or North American markets. Traders remain focused on the health of the U.S. economy. This morning's November ISM services report is expected to come in at 53.7. Oil is trading higher as the G7 agreed to move forward with the price caps on Russian oil.

NewsWare’s Trade Talk: Friday, December 2

&P Futures are flat to higher this morning. Before the opening today, we have the non-farms payrolls report being released. The report will provide the Fed with data related to how the labor market fared in November amid rising interest rates and high inflation. Estimated indicate that employers added 200,000 jobs last month. This indicated a slowdown in highering as the October number was 261,000. Oil is trading flat to higher as the market awaits news of the EU vote on Russian oil price caps.

NewsWare’s Trade Talk: Thursday, December 1

S&P Futures have turned higher this morning as traders await a host of economic data releases. The key economic release today is the Personal Income & Outlays for October. A weak reading will increase the expectations for a Fed rate hike of 50 basis points at the next FOMC meeting and could turn the market higher. Oil is trading 1% higher this morning as the European Commission is pushing for a price cap of Russian oil at $60 a barrel.

NewsWare’s Trade Talk: Wednesday, November 30

S&P Futures are higher and have been positive all morning. Economic reports will be key to the direction of the market this morning. In the afternoon, all eyes will be on Fed Chair Jerome Powell's speech this afternoon. His speech could give clues about the size of the Fed's expected rate rise at its Dec. 13-14 meeting, as well as the timing of a potential pause in 2023. Most traders expect the central bank to lift its benchmark rate by half a percentage point in two weeks' time.

NewsWare’s Trade Talk: Tuesday, November 29

S&P Futures are hanging onto gains this morning as concerns over China may be easing. Investors are collecting a slew of economic data starting today and throughout the rest of the week. Today we have the Case-Shiller Home Price Index and the latest look at Consumer Confidence. Earnings announcements today include CRWD, WDAY, INTU and HPE.

NewsWare’s Trade Talk: Monday, November 28

S&P Futures are trading lower this morning over concerns of unrest in China. Foreign marks were also lower because of the same concerns. Oil prices fell sharply to a nearly 11-month low. On the economic front, Dallas Fed Manufacturing Survey is due out today and investors will be watching some comments from Fed officials. Earnings later this week include CRWD, WDAY, INTU and HPE.

NewsWare’s Trade Talk: Friday, November 25

S&P Futures are displaying slight gains this morning. Attention is expected to focus on the start of the holiday shopping season and whether consumer resilience is holding up. Visa says U.S. payments volume in November is 9% higher than a year ago. This comes ahead of Black Friday and the start of the holiday shopping season. The E.U. could be making an announcement today on Russian oil price caps.

NewsWare’s Trade Talk: Wednesday, November 23

S&P Futures are slight gains this morning ahead of a host of economic reports this morning. While the focus will be on the Fed Meeting minutes this afternoon, this morning's Durable Goods Orders will likely create volatility in the pre-market. Oil prices have turned negative and are lower by 2%.