NewsWare's Trade Talk: Monday, July 15

S&P Futures are seeing strong gains this morning as markets are now expecting the Fed to start lowering rates in September. Fed Chairman Jerome Powell is speaking today. Google is said to be close to a takeover deal with Cybersecurity startup Wiz in a deal said to be worth $23B. Republican National Convention starts today. Earnings season is underway, this week approximately 50, S&P companies will be reporting. In Europe, markets with weakness in luxury stocks. There is an ECB meeting this week with an announcement scheduled for Thursday. Oil prices are flat to lower this morning as the market deal with weakening demand from China against positive data from the U.S.