NewsWare’s Trade Talk: Tuesday, January 10

S&P Futures are moving lower this morning. There are no significant earnings reports or major economic releases due out this morning and without a catalyst, markets tend to drift lower. Fed Chairman Jerome Powell is speaking today at the Sveriges Riksbank International Symposium on Central Bank Independence in Stockholm, Sweden. His comments will likely be carefully scripted to avoid any hints as to when the interest-rate increases will stop. Inflation does appear to be slowing and Thursday's CPI release will likely provide FOMC members enough evidence to stick with a 0.25 rate hike at the next meeting.