NewsWare's Trade Talk: Friday, January 17

S&P Futures are displaying positive gains this morning. The key economic event overnight was the China GDP reading which showed +5% expansion for 2024. RIVN said it closed on a loan agreement with the DOE. Starboard Value has taken a 7.7% stake in QRVO. Monday is a holiday as Trump takes office. President Trump is expected to announce a host of Executive Orders on Monday related to tariffs on China, Canada and Mexico, Immigration deportations and Bitcoin. Housing starts data is out this morning as 30 yr fixed rates average 7.37%. European shares are showing strong gains due to China data and expectations for rate cuts. Oil prices are higher and on track for a 2% weekly gain.