NewsWare’s Trade Talk: Tuesday, August 9

S&P Futures are trading lower this morning. Blue chips are mostly positive however weakness in the FANG & Semiconductor stocks is causing the S&P's to move from green to red. The market is cautious ahead of tomorrow's CPI release which is a key metric used by the Fed in determining monetary policy.  The dollar is down and oil prices are also lower. Treasury yields are edging higher. Europe stocks are sluggish.