NewsWare’s Trade Talk: Monday, August 22

S&P Futures are trading lower this morning as recession news is creating volatility this morning. Market volumes are light, which is normal for this time of the year.  Recent Fed speak alluding to additional rate hikes and comments from an ECB official talking about European inflation hitting 10% this fall has the markets on edge.  There are a host of key economic reports later this week, Plus the Jackson Hole meeting where Fed Chair Jerome Powell will be speaking.