NewsWare’s Trade Talk: Monday, November 7

S&P Futures are trading higher this morning even as short-term Treasury yields hovered near their highest since 2007. Despite a hawkish fed, traders are expecting a period of smaller rate increases in the future remains a bullish factor for the markets. Oil is pulling back due to A statement out of China indicating that there will be no change to its Zero Covid policy. Asian markets moved higher on better-than-expected economic data out of China. Later today we have earnings announcements from Activision Blizzard, BioNTech, Lyft, NRG Energy, and Mosaic.