NewsWare’s Trade Talk: Wednesday, September 28

S&P Futures are slightly lower this morning, Futures were positive after the Bank of England made a statement indicating that it would buy government bonds with long maturities on whatever scale is necessary in an effort to restore order to the market for gilts.  Apple and AAPL suppliers are moving lower due to news reports indicating soft demand for the iPhone14 and will not ramp up production. Stocks are coming under increasing pressure from near-global tightening financial conditions, as central banks raise interest rates to fight inflation. More signs are pointing to growth decelerating, including the first monthly decline in house prices in years. Jerome Powell is scheduled to speak this morning and the markets will be paying close attention to tomorrow's GDP release.