NewsWare’s Trade Talk: Thursday, January 16

S&P Futures are positive in the pre-market with earning reports in focus. BAC and PNC delivered positive earnings reports this morning. UNH is lower as revenue missed expectations. TSM also reported strong earnings and raised guidance, they were very bullish on their call about AI chip demand. This morning, before the opening bell markets will be paying close attention to the Retails Sales report and Jobless Claims data. TGT raised guidance due to strong holiday sales. Big issue ahead remains on the fiscal policy front for republicans to execute on their tax ambitions. Tariff questions also remain a pivotal factor for the markets. European shares are moving higher this morning as markets continue to expect central bank easing and oil prices are falling on excess supply concerns.