NewsWare’s Trade Talk: Tuesday, May 16

S&P Futures are slightly lower ahead of this morning's retail sales report. Talks on the debt ceiling are scheduled for later this afternoon. Executives from Silicon Valley Bank & Signature Bank will appear before the Senate Banking Committee today. Today's calendar is full of Fed speak, and in addition, Treasury Secretary Janet Yellen is scheduled to speak at 9:00 am. European exchanges are higher and oil prices are flat to higher as the market starts to digest this morning monthly oil report from the International Energy Agency.