NewsWare’s Trade Talk: Tuesday, October 10

S&P Futures are positive this morning as the market is adjusting it's forecast for no more rate hikes in 2023. Comments for Fed officials yesterday took a dovish turn which is driving yields lower and equities higher. Pepsi is displaying gains this morning as 3Q earnings top estimates. In the Middle East, Israeli forces are preparing for a mass offensive against Hamas. In Europe, stocks are displaying strong gains as additional interest rates hikes seem unlikely. Oil is pulling back slightly this morning, down 1/2 a percent after yesterday 4% gain.