S&P Futures are trading lower this morning as markets await this morning Non-Farms Payrolls report. Two Fed officials spoke on Thursday and gave indications that the Fed’s rate policy is near neutral. St. Louis Fed’s Musalem also spoke on Thursday and said that the economic outlook appears to be different now than it was four months ago. Insurance stocks are moving lower this morning as California wildfires have destroyed thousands of structures, ALL, TRV & CB most exposed. The Biden Administration is planning another round of restriction on the export of AI chips before Biden leaves office. The Supreme Court is due to hear arguments today on a bipartisan law to ban the video sharing app TikTok. Delta Air delivered an earning beat this morning and forecasts a strong year ahead. European shares are mostly higher this morning and oil prices displaying strong gains this morning in the pre-market.
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