NewsWare’s Trade Talk: Monday, August 8

S&P Futures are trading higher this morning. Positive sentiment is seen this morning as the Senate approves big healthcare, climate, and tax packages, M&A activity, and weakening oil prices. The antitrust bill targeting big tech is unlikely to come to a vote before the Senate goes on break. Economic data this week is extremely light, Wednesday's CPI report is the key report and is expected to show an increase of 8.7% year over year down from July's report for June which came in at 9.1% year over year. Walt Disney will be releasing earnings on Wednesday.