NewsWare’s Trade Talk: Wednesday, August 23

S&P Futures are trading higher this morning as the market are bulling on the weakening economic data out of Europe this morning. The weaking data is an indication that the Fed's policy of raising rates is having its desired effect and is slowing down the global economy as the Fed works towards its 2% inflation target. Earnings and today's PMI reading will be in focus today. In Europe, stocks are trading higher & oil prices are falling.