NewsWare’s Trade Talk: Monday, July 11

S&P Futures are lower this morning with energy and earnings in focus. Oil is falling due to an anticipated drop in Chinese demand as Covid infections have increased. The market is preparing for earning season to start. Traders will be looking to gauge how effective companies have been in dealing with the recent jump in inflation. Elon Musk has ended his proposed take over of Twitter, Twitter is expected to initiate a lawsuit to either force a deal or force Musk to pay a 1B fee for not going thru with the buyout.