NewsWare's Trade Talk: Tuesday, November 26

NewsWare‘s Trade Talk

S&P Futures have moved from flat to lower to higher. Multiple catalysts are creating volatility this morning. Late yesterday, President-elect Trump made his first comments on his tariff plan since being elected. Trump indicated that he is considering placing tariffs on Canada, China and Mexico. The Biden Administration is proposing anti-obesity drugs be covered by Medicare and Medicaid. Israel's security cabinet set to vote on a cease-fire deal that would halt fighting between Hezbollah and Israel in Lebanon. On the Economic front the key report this morning will be the data on Consumer Confidence. This afternoon the Fed will release the meeting minutes from the last Fed meeting. Today is a busy day for earnings announcement as DELL, CRWD, WDAY, ADSK HPQ URBN and others will be reporting after the bell. In Europe, stocks are lower as Europe is seen as the big loser in any trade war. Oil prices showing gains ahead of stockpiles reports.