NewsWare’s Trade Talk: Tuesday, July 16

 S&P Futures are cautiously higher this morning as markets continue to price in a September rate cut from the Fed. This morning, before the opening bell the Retail Sales data is to be released. Starboard has built a position in Match Group. Also seeing earnings beats from BAC, PNC & UNH in the pre market. In Europe, markets are lower with weakness in auto luxury and retail stocks. Underperformance in Chinese stocks. ECB announcement scheduled for Thursday. Oil prices are falling this morning as Chinese demand continues to weigh on markets, Stockpiles data will be monitored closely.