S&P Futures are displaying gains after yesterday’s heavy selling pressure. Markets are reacting to President Trumps positive indication at the conclusion of the trade talks with Japan. Later today President Trump is scheduled to meet with the PM of Italy. Central banks news remains in focus with the ECB expected to announce a 25-basis point rate cut at 8:15am. Fed Chair Powell was hawkish in his comments yesterday and said that the Trump tariffs may create a “challenging scenario” for policymakers.” TSM is trading higher after its earnings & guidance release. The CEO said that they are not in joint venture talks with INTC. UNH is falling after an EPS miss and lower guidance. This morning on the economic calendar is the weekly jobs report and housing data (housing starts & building permits). After the bell today, NFLX is scheduled to release earnings.
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NewsWare’s Trade Talk: Wednesday, April 16
15 hours ago
S&P Futures are in the red this morning as sentiment is weakening. After the close yesterday NVDA announced that they will be subject to export restriction for its H20 chip which is sold to China. China generated $17B or 13% of NVDA total sales last year. China has indicated that it is open to trade talks with the U.S. White House trade officials are said to be asking countries to limit trade activities with China in return for tariff relief. This is being done to isolate China to achieve a better trade deal. Chinese economic data was strong overnight, as business activity ramped up ahead of tariffs. The tariff damage will likely start to show in next month economic data. Market will be hearing from Fed Chair Jerome Powell this afternoon. He is expected to reiterate the strength of the U.S. economy and acknowledge uncertainty ahead due to the Trump Tariffs. On the economic calendar today is the Retail Sale report. This afternoon, LVS, CSX, KMI and AA are schedule to report earnings. On Thursday morning, TSM, UNH AXP & DHI will be reporting.
NewsWare’s Trade Talk: Tuesday, April 15
S&P Futures are moving higher mainly due to optimism on tariff exemptions. The Trump tariff narrative remain the key focus as the White House indicates that that it is looking to help the auto sector. Pharma & semiconductor stocks are on watch as they are under review by the Trump tariff team. China has suspended jet deliveries from Boeing in retaliatory move. U.S. trade officials met with EU’s trade representative yesterday, the demands from the Trump administration will be difficult for the Eurozone to agree to. Mining stocks are displaying gains due to a report that indicates President Trump has plans to stockpile critical metals to counter China. On the economic calendar today are reports on Import Exports prices and the Empire state Manufactuing index. JNJ, BACPNC & ERIC are higher after earnings announcements. Caterpillar named a new CEO.
NewsWare’s Trade Talk: Monday, April 14
S&P Futures are displaying strong gains this morning due to tariff exemptions on consumer electronics. The Trump administration temporary tariff exemptions on tech products are providing some short-term relief for the sector however they remain subject to the 20% fentanyl tariffs. The Trump administration is expected to provide additional clarity later today. The dollar remains weak ahead of the ECB meeting later this week where a rate cut is expected. President Trump is scheduled to meet with the president of El Salvador today. The U.S. is scheduled to hold trade talks with the EU and Japan this week. The economic calendar is rather light this morning, later this morning there is a report due out on Consumer Inflation Expectations. Markets are awaiting this morning’s earnings reports from Golman Sachs.
NewsWare’s Trade Talk: Friday, April 11
S&P Futures are moving higher this morning, reversing from sharp overnight losses as Treasury yields backed off worrisome levels. The trade war between the U.S. and China continues to escalate as China lifts its tariffs on U.S. goods to 125%. China indicated that this will be their last tariff increase on the U.S. President Trump indicated a willingness to hold trade talks with China yesterday. On Monday the U.S. and the E.U are scheduled to hold trade talks. On the economic calendar, PPI final demand for March is due out today. Markets are reacting positively to this morning’s earnings reports from JPM, BLK, BK & WFC.
NewsWare’s Trade Talk: Thursday, April 10
S&P Futures are displaying weakness after yesterday’s strong rally, the move lower is considered to be as a result of profit taking. While the 90-day tariff pause was a positive catalyst for markets yesterday, there remains a significant amount of uncertainty as to what will occur after the pause period ends. The Trump administrations economic plan remains a key concern for the markets due to the chaotic nature in policy shifts. Then there are the trade relations with China which are fragile at best as the Trump administration increased the Chinese tariffs and appears to be shifting towards an economic decoupling. On the earnings front KMX is trading lower as they missed on earnings expectations. Tomorrow is the start of earnings season with a host of the major backs set to report. On the economic front the March CPI data & the weekly Jobless Claims data is due out before the bell. There is also a significant number of Fed officials speaking today.
NewsWare’s Trade Talk: Wednesday, April 9
S&P Futures are extending their losses this morning as the tariff induced sell-off continues. Markets are reflecting anxiety over the escalating U.S.-China trade tensions as China tariffs are now at 104% on imports. U.S. Trade Representative Jamieson Greer spoke to the Senate Finance Committee yesterday and said that President Trump won’t provide exemptions to his new global tariffs for individual products or companies. Greer is scheduled to appear before the House today. Trump spoke at an event last night an indicated that he is planning tariffs on pharmaceuticals in the near futures. Key economic event for the day will be the release of the Fed meeting minutes. This morning DAL released better than expected earnings. the bar was low as the company slashed its guidance in March.
NewsWare’s Trade Talk: Tuesday, April 8
S&P Futures are displaying gains this morning as multiple days of declines is not sustainable. There is a slight change in the tariff narrative back to negotiations which may not hold. President Trumps has shown a willingness to continue to move forward with his tariffs and yesterday he threatened China with an additional 50% tariffs if they move forward with retaliation. The markets remain highly sensitive to trade issues and commentary from the Trump Admin tariff policy. U.S. Trade Representative Jamieson Greer is scheduled to testify before the Senate Finance Committee today at 10:00 am to defend the presidents tariff policy. Health insurance stocks are higher as Medicare plans to substantially increase payment rates next year. AVGO announced a big buyback last yesterday and LEI delivered a positive earnings report. DAL is scheduled to release earnings tomorrow morning. Markets will be focused on forward guidance this earning season.
NewsWare’s Trade Talk: Monday, April 7
S&P Futures are off by more than -1.50% this morning as Trumps tariffs continues to create volatility in the markets. There is little political pressure on the president to change course. White House officials attempted to calm the markets with various interviews over the weekend, however markets are continuing to weaken. JPM CEO Jamily Dimon released his annual letter to shareholders and indicated that the Trump tariffs are likely to increase inflation. President Trump is schedule to meet with Israeli Prime Minister Netanyahu today to discuss tariffs.
SPECIAL EDITION of NewsWare’s Trade Talk: AIQ Systems Q1 + Q2 Sector Based Analysis
Tune into a special edition of NewsWare’s Trade Talk with Trading Anchor Bill Olsen and Steve Hill, CEO of AIQ Systems. Our experts offer sector based insights and analysis on what happened in Q1 and what to look ahead for in Q2. Want to learn more about AIQ Systems? Visit www.AIQsystems.com.