NewsWare’s Trade Talk: Tuesday, July 5

S&P Futures are lower this morning but off their early morning lows. Global sentiment is weakening causing futures to slide ahead of a host of economic reports due out this week. Tomorrow afternoon the Fed will be releasing the minutes from the latest FOMC meeting. The expectation is for the minutes to show that the Central Bank is going to continue its course of aggressive rate hikes in the near term. On Friday we have the Monthly nonfarms payroll report being released. Treasury Secretary Janet Yellen held a call this morning with Chinese trade representatives and discussed the state of tariffs on Chinese goods.