NewsWare’s Trade Talk: Thursday, July 21

S&P Futures are slightly lower this morning as the market start to price in multiple earning reports. Traders are paying attention to the the ECB as they announced interest rate increase of half a percentage point - the first rate hike in 11 years. Oil prices and the dollar are lower as a result. Italian Prime Minister Mario Draghi resigned this morning. TSLA is higher after delivering better than expected earnings. President  Biden plans talks with China's Xi Jinping soon, casts doubt on Pelosi's Taiwan trip