NewsWare‘s Trade Talk

NewsWare’s Trade Talk: Tuesday, May 24

S&P Futures are moving lower as a bearish sentiment returns to the markets. There are two economic data reports due out today (U.S. new-home sales data and gauges of U.S. manufacturing activity). Also, Fed Chairman Jerome Powell is scheduled to speak today. The technology sector is poised to drag the market down this morning. Shares of SNAP ignited the selling pressure after the company issued a negative forecast on its Q2 revenue. SNAP is trading lower this morning by 29% this morning and is weighing on other tech companies that rely on advertising as a revenue stream.

NewsWare’s Trade Talk: Monday, May 23

S&P Futures are once again showing green and pointing towards a higher opening in the premarket. Comments from Joe Biden that he was considering reducing tariffs on China and the launch of a new trade deal with 12 Indo-Pacific nations are helping to lift market sentiment. Oil is higher this morning on expectations of near-term demand increases from China and the U.S. Thee are multiple key economic reports plus the release of the Fes' meeting minutes will highlight this week's action. This week, Best Buy, Disks Sporting Goods, William Sonoma, Macy's, Dollar General Corp., Costco Wholesale Corp. and other retailers are slated to release quarterly reports.

NewsWare’s Trade Talk: Friday, May 20

S&P Futures are positive and holding onto a gain of over 1% this morning. Indices are recovering some ground this morning after China's central bank cut a key interest rate. Stocks have come under pressure this week from concerns about global growth. Auto and Tech stocks are showing gains in the premarket. Light day for economic reports today, this afternoon there is the Baker Hughes rig count figures being released.

NewsWare’s Trade Talk: Thursday, May 19

S&P Futures are lower again this morning and pointing to deeper losses for equity prices on growing worries of an economic slowdown. Futures have moved from down 1.4% to down 1% in the past hour. Today's U.S. economic data includes the weekly jobless claims at 8:30 a.m., April's Existing Home Sales, and Leading Index at 10:00 a.m. The ECB's April meeting minutes, due at 7:30 a.m., may well garner some attention given the recent speculation about a July rate increase. Fed's Kashkari will discuss the impact of inflation on low-income households at 4 p.m. 

NewsWare’s Trade Talk: Wednesday, May 18

S&P Futures are weakening this morning. Oil stocks remain bullish as demand from China is expected to increase as the lockdown mandates come to an end. Retail stocks are bearish as TGT delivered a miss on earnings due to inflationary issues. Markets will continue to digest Fed Chair Jerome Powell's comments. Also, this morning is the Housing Starts & Building Permits report.

NewsWare’s Trade Talk: Tuesday, May 17

S&P Futures are showing strong gains in the pre-market. The end of the lockdowns in China, positive earnings results from Home Depot and expectations of a positive Retail Sales reading are helping to drive the market higher. The sentiment is positive this morning as markets appear to have overpriced the risk of a recession. This morning we also have the April report on Industrial Production and Capacity Utilization. Later today, Fed Chairman Jerome Powell will be speaking on the economy and taking questions from reports. Walmart missed earnings expectations due to higher costs.

NewsWare’s Trade Talk: Monday, May 16

S&P Futures are weaker this morning as data from China fueled more concerns about the state of the global economy. This morning watch for the empire state manufacturing index and the speech by NY Fed bank president John William. Musk's TWTR deal remains on hold due to the high percentage of fake accounts. Mcdonald's has agreed to sell its Russian operations. The retail sector will be in focus this week.

NewsWare’s Trade Talk: Friday, May 13

S&P Futures are pointing to a higher opening this morning. Markets are reacting positively to comments from Fed chair Jerome Powell as he downplayed the possibility of a 0.75% rate hike. Concerns over global growth rates along with rate hikes has pushed the market lower recently, Yet earning results have been mostly positive. Next week we will be hearing from HD and WMT and expectations are high for beats.

NewsWare’s Trade Talk: Thursday, May 12

S&P Futures are indicating a lower opening this morning. Stronger-than-expected inflation data from yesterday's CPI report continue to be a key factor this morning. One hour before the market opens today, we have the PPI final demand report for Aril and the Jobless claims for last week. The results of the PPI report may create some volatility. Oil prices age giving back half of yesterday's gains as traders see a slowdown in economic activity in China.

NewsWare’s Trade Talk: Wednesday, May 11

S&P Futures were showing strong gains this morning but turned lower after the release of this morning's inflation report (CPI).  Data was expected to show that the consumer-price index rose 8.1% in April but came in at 8.3%. That is up from the same month a year ago, but decelerating from an 8.5% annual rate in March. Virus cases in China are significantly lower leading to speculation that the lockdown restrictions may soon be lifted. The yield of the 10-year Treasury bond retreated 5 bps, having fallen below 3%.

NOTE: CPI report was released following the recording of the episode.