Newsware's Trade Talk Podcast

S&P Futures are positive this morning in the pre-market as stocks in the technology sector are moving higher. Oil prices remain weak as the CEO's of the major oil companies are headed to the White House for talks on oil prices. Fed Chairman Jerome Powell is scheduled to meet with Congressional leaders today. Also this morning we have the weekly jobless claims report being released. The weekly report from the EIA on oil stockpiles is being delayed due to system problems.

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.

S&P Futures are higher after pointing lower earlier this morning. The FOMC meeting starts today with an announcement tomorrow afternoon. The market is anticipating a 50 basis point rate increase and guidance on the Fed's plans for balance sheet reduction. Markets are likely to remain weak as we head into tomorrow's announcement. Treasury 10-year yields are now hovering around 3%, levels that we haven't seen since 2018. After the bell today, we have earnings announcements from AMD, ABNB, SBUX, AIG, PRU, MTCH, PAYC, LYFT, CRUS, and others.