NewsWare’s Trade Talk: Friday, June 16

S&P Futures turned higher after being softer earlier this morning following a strong move higher yesterday and ahead of a 3-day weekend. Tech stocks are displaying strength while utility stocks are weakening. The inversion of the yield curve remains a source of concern and have return to level right before the banking crisis. Watch for hawkish comments from Fed Govenor Christopher Wall this morning. Secretary of State Anthony Blinken is traveling to China in an attempt to repair relations. European markest are positive, but off their earlier highs. Oil is weakening after yesterday strong gains.