NewsWare’s Trade Talk: Monday, November 25

S&P Futures are trading higher this morning. President Elect Trump nominated hedge fund manager Scott Bessent as Treasury Secretary. Bessent will look for the economy to grow its way out of debt and spur bank lending. Multiple key economic reports are due out this week including the Fed meeting minutes and the PCE report. There are a host of earnings reports due out this week, Zoom, Agilent, Dell, Best Buy, CrowdStrike, Autodesk, and retailers Dick’s Sporting Goods and Macy’s. Summit Materials (SUM) is higher as privately held Quikrete is offering $52.50 a share in cash for the company. In Europe, stocks are higher as the EU & China appear to be on track to resolve the recent tariff on Chinese EV into Europe. Oil prices have turned lower as Middle East tensions are falling.