NewsWare’s Trade Talk: Tuesday, February 8

S&P Futures have reversed direction and are now trading slightly lower this morning. This morning we will be getting an update on the latest Trade Deficit figures as well as a host of earning reports. Markets have been roiled by volatile trading in recent sessions, prompted in part by expectations of higher rates. The Fed's expected tightening comes against a backdrop of moderating growth and investors have been reassessing which companies are best placed to weather the more challenging outlook - Tech stocks valuation have clearly been reevaluated. Oil prices are trading lower this morning as U.S. Iran talks continue to take small steps forward.