NewsWare’s Trade Talk: Thursday, April 10

S&P Futures are displaying weakness after yesterday's strong rally, the move lower is considered to be as a result of profit taking. While the 90-day tariff pause was a positive catalyst for markets yesterday, there remains a significant amount of uncertainty as to what will occur after the pause period ends. The Trump administrations economic plan remains a key concern for the markets due to the chaotic nature in policy shifts. Then there are the trade relations with China which are fragile at best as the Trump administration increased the Chinese tariffs and appears to be shifting towards an economic decoupling. On the earnings front KMX is trading lower as they missed on earnings expectations. Tomorrow is the start of earnings season with a host of the major backs set to report. On the economic front the March CPI data & the weekly Jobless Claims data is due out before the bell. There is also a significant number of Fed officials speaking today.