NewsWare’s Trade Talk: Friday, January 28

S&P Futures are indicating a lower opening this morning. Apple's and Visa's positive earning results are being negated by the CVX miss on EPS estimates and surging costs at CAT. This morning markets will be paying attention to this morning to the Employment Cost Index release. This is a key inflation reading and one that Fed Chair Jerome Powell has cited. Elevated inflation levels are and this morning drop in European markets are likely to cause weakness in the S&P's this morning.