NewsWare's Trade Talk: Monday, July 22

S&P Futures are higher this morning as markets bounces back from Friday's sell off. CRWD remain weak as the downgrades have start to flow in. The airline sector is lower due to the cancelation of thousands of flights over the weekend. President Biden announced that he will be dropping out of the presidential race on Sunday. This will be a major talking point for the markets, but unlikely to create volatility. Markets are focused on Earnings and Friday's CPI release this week. China lower rates overnight, while the cut was not significant, it was unexpected. In Europe, markets are higher with positive action in autos, industrials, tech & healthcare. Oil prices are ticking lower this morning.