NewsWare’s Trade Talk: Monday, October 24

S&P Futures are trading higher this morning.  Overnight, S&P futures surged 1% Sunday night, but have since given back those gains. Corporate earnings are in focus with over 850 companies scheduled to release earnings this week, including 165 S&P 500 companies. Fed officials are in a blackout period as there is a Fed meeting next week.  Treasury yields fell across the curve as investors weighed Federal Reserve policy beyond an expected three-quarter-point rate increase in November.  Asain markets sold off overnight after Chinese leader Xi Jinping cemented his control over the ruling Communist Party by appointing a number of loyalists to the party's most powerful decision-making body and getting a convention-defying third term.