NewsWare’s Trade Talk: Friday, November 15

NewsWare's Trade Talk: Friday, November 15

S&P Futures are trading lower this morning in a reaction to comments from Fed Chair Jerome Powell that the Fed is not in a rush to lower rates. Put volumes soar in drug stocks as President-elect Donald Trump nominated Robert F. Kennedy Jr., a vaccine skeptic and critic of federal health agencies, to be his Secretary of Health and Human Services. Two key economic reports due out this morning, Retail Sales and Industrial Production. SEC filings displaying position adjustments at major funds continue to come in, AAPL is seeing an elevated number of firms existing positions in the last quarter. In Europe, stocks have gone from flat two lower as anxiety builds ahead of the U.S. markets open. Oil prices are slightly lower due to global demand concerns.

NewsWare’s Trade Talk: Thursday, November 14

NewsWare's Trade Talk: Thursday, November 14

S&P Futures are trading higher this morning ahead of some key economic reports and comments later today from Fed Chair Jerome Powell. On the earnings front, DIS reported positive results and is trading higher. CSCO, JD also delivered positive results but are moving lower. Capri Holding terminates merger with Tapestry. LLY phase 3 data for tirzepatide was very positive. In Europe, stocks are higher on economic data and upbeat earnings. Oil prices are lightly higher ahead of this morning’s stockpiles report.