NewsWare's Trade Talk: Wednesday, August 13

S&P Futures are extending their gains from yesterday as the market continues to feed off of Tuesday milder than expected CPI report. The economic calendar is light today, PPI data is due out tomorrow. Expectations for a Fed rate cut in Sept are nearing 100%. Markets are going to be looking for clues in relation to the upcoming U.S. Russian talks over a Ukraine peace accord. Next week's Jackson Hole summit will soon be in focus as markets look to hear dovish commentary from Fed Chair Powell. Trump's pick to lead the BLS floats the idea of suspending the Non Farm Payrolls report. In corporate news, Spirt Airlines warns that they may not be able to continue operations if their financial picture does not improve soon. Disney does a deal with Webtoon. In earnings news, LITE & EAT are higher after releases, CAVA, CRWV are lower. After the bell today, CSCO & COHR are expected to report.