NewsWare’s Trade Talk: Tuesday, January 28

S&P Futures are trading higher as tech stocks are showing gains as yesterday's selling pressure appear to be overdone. Markets are indicating that the DeepSeek news is unlikely to cause a major change in CapEx spending. Moves like yesterday are rarely limited to a single session. Drug stocks are lower this morning as Trump talked tariffs on pharma industry and ahead of the RKF jr. nomination process. Trump also indicated the MSFT is a potential bidder for TikToc. On the earnings from RCL & GM are higher, BA, RTX & LMT reports are still pending. FOMC meeting starts today with an announcement tomorrow morning. European markets are cautiously higher this morning and oil prices are higher by +0.75