NewsWare’s Trade Talk: Wednesday, May 24

S&P Futures are continuing to weaken this morning. House Speaker Kevin McCarthy said the two sides are "not anywhere near close" to a debt-ceiling deal. Covid cases in China are on the rise and may peak at 65 million infections a week towards the end of June. This afternoon the FOMC will be releasing the meeting minutes from the FOMC meeting earlier this month. The minutes will likely have a hawkish tone. European exchanges are lower and Oil is gaining.