NewsWare’s Trade Talk: Monday, May 23

S&P Futures are once again showing green and pointing towards a higher opening in the premarket. Comments from Joe Biden that he was considering reducing tariffs on China and the launch of a new trade deal with 12 Indo-Pacific nations are helping to lift market sentiment. Oil is higher this morning on expectations of near-term demand increases from China and the U.S. Thee are multiple key economic reports plus the release of the Fes' meeting minutes will highlight this week's action. This week, Best Buy, Disks Sporting Goods, William Sonoma, Macy's, Dollar General Corp., Costco Wholesale Corp. and other retailers are slated to release quarterly reports.