NewsWare’s Trade Talk: Friday, October 20

S&P Futures are falling into the weekend. Cautiousness is in the air as tensions in the Middle East remain elevated. The U.S. vetoed a cease fire proposal issued by the UN. Fed Chairman Powell's comments about the economy were neutral, but the other Fed official that spoke yesterday gave indication that rate hikes are still on the table. In Europe, stocks are moving lower - Oil prices are higher as the U.S. is preparing to replenish the strategic reserves and oil traders are inching volatility higher ahead of this weekend.