NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Wednesday, October 12

S&P Futures are trading higher this morning ahead of some key economic releases. This morning, we have the Producer Price index and in the afternoon the Fed will be releasing the meeting minutes from the recent FOMC meeting. Earnings season is starting to with PepsiCo delivering 13 cent beat on higher revenue. Oil is trading slightly higher after dropping 4% in the last two sessions.

NewsWare’s Trade Talk: Tuesday, October 11

S&P Futures are lower for the fifth consecutive session as higher interest rates and soaring inflation is set to weigh on company earnings.  Also putting pressure on stocks this morning are comments from Fed officials indicating a continuing tightening policy with rates peaking at 4.25-4.50% early next year. Markets are fragile ahead of Thursday's CPI release. Oil is trading lower by 2% this morning on demand concerns out of China.

NewsWare’s Trade Talk: Monday, October 10

S&P Futures are lower this morning with the bond markets closed for the Columbus Day holiday.  With the bond markets closed today, volumes will be lighter than normal. The market is cautious ahead of the start of earnings season this week as the Dollar has moved higher over this quarter.  Later this week, the CPI report is scheduled for release.   

NewsWare’s Trade Talk: Friday, October 7

S&P Futures are flat to lower in cautious pre-market trading this morning. All eyes are waiting for this morning's Non-Frams payrolls report. Expectations are for a slight increase in hiring, but lower than last month.  Semiconductor stocks are weak as AMD cut its revenue forecast.  Draft Kings is close to signing an exclusive arrangement with Disney-owned ESPN. The Biden administration are considering multiple options to help lower oil prices after Saudi Arabia and OPEC+ announced production cuts earlier this week.

NewsWare’s Trade Talk: Thursday, October 6

S&P Futures are lower this morning & bond yields are on the rise . Comments from Fed officials reiterating the need for higher rates and the release of Jobless claims today and tomorrow's Non-Farm payrolls report have traders on edge. Oil prices have reversed course and are now trading lower on the day. European markets have also turned negative on the day. Shares of LLY are trading higher as the FDA granted Fast-Track designation for its obesity treatment. 

NewsWare’s Trade Talk: Wednesday, October 5

S&P Futures are lower this morning after posting their biggest two-day gains in more than two years. There are a number of important events to pay attention to today. There is an OPEC meeting happening with an announcement on production quotas due out today.  We also have the ADP Employment report which will be watched closely and is thought to provide a solid indication ahead of Friday's non-farm payroll report. European markets are weak this morning with Auto, retailers, and real estate stocks moving lower.  Later this afternoon, Costco will be releasing its monthly sales figures. 

NewsWare’s Trade Talk: Tuesday, October 4

S&P Futures are showing strong gains this morning. Bond yields and the Dollar is lower as inflation concerns have started to ease. There is anticipation that the central banks may become less aggressive on rate-hiking plans. Asain and European markets are higher and Oil prices are extending their modest gains this morning ahead of tomorrow's OPEC meeting and likely output cut.

NewsWare’s Trade Talk: Monday, October 3

S&P Futures are moving higher this morning and look to be starting off the quarter on a positive note. European markets are trading lower.  Swiss Banking firm Credit Suisse is off 10% this morning due to concerns on the bank's capital position. Oil furtures are higher by more than 3% this morning as OPEC+ members are said to be considering a production cut of more than 1 million barrels per day.

NewsWare’s Trade Talk: Friday, September 30

S&P Futures are positive but off their earlier highs.  Today is the last day of the quarter and later this morning we have a key economic indicator being released. The release of the Personal Income & Outlays will likely drive the market today.  We also have plenty of Fed speak today including the Fed's Vice Chair Lael Brainard.  The oil market is preparing for next week's OPEC meeting where a production cut is anticipated. Nike earnings were a disappointment last night as profitability is eroding. MU is higher after earnings and says that the industry environment has deteriorated sharply.

NewsWare’s Trade Talk: Thursday, September 29

S&P Futures are lower this morning as yesterday's BOE news starts to fade, and concerns over economic growth/inflation remain the key drivers of market volatility. This morning Jobless Claims and GDP reports are due out 1 hour before the market opens. Later this afternoon we will have earnings reports for Micron and Nike. Oil is flat to higher this morning as the European Union announced a new round of sanctions against Russia.