NewsWare’s Trade Talk: Monday, October 16

S&P Futures are indicating a higher opening this morning. While the markets continue to monitor the situation in the Middle East, the conflict appears to be contained for the time being. This is a big week for earnings and economic events. A host of bank earnings are on the schedule as well as reports from NFLX & TSLA. Tomorrow Retail Sales report, housing data and a speech from Fed Chair Jerome Powell are on this week's schedule. In Europe, stocks have reversed early morning losses and are now higher on the day. Oil prices are mixed, and commentary form Gulf states continue to create volatility.