NewsWare’s Trade Talk: Thursday, July 1

S&P Futures are slightly positive this morning. Multiple sectors are positive this morning including Airlines, Autos, Financials, Oil, and Semiconductors. Oil prices are trading higher after experiencing heavy selling pressure over the last few days. Yesterday's release of the Fed's meeting minutes indicated that FOMC members are in sync that something needs to be done to combat the recent increase in inflation. Treasury yields are higher this morning and the closely watch 2 year 10 year yield curve remains inverted. U.K's Prime Minister Boris Johnson has agreed to resign and is under pressure to leave quickly. Samsung delivered a positive jump in revenue which is having a positive effect on technology stocks this morning.