NewsWare's Trade Talk: Monday, May 20

S&P Futures are positive this morning. Fed speakers are out in force this morning likely looking to underscore the current narrative that rates need to remain higher for longer. The FOMC Meeting notes to be released on Wednesday. In company news, Apple is expected to announce its iOS18 at next month conference, heard they have added OpenAI tech to their operating system. Elliott is said to have built a 1B stake in Johnson Controls (JCI). NVDA is releasing its earnings on Wednesday. In Europe, markets are higher with the protentional June rate cut in focus. Oil prices have just turned negative but remain in a tight trading range.