S&P Futures are displaying strong gains this morning due to tariff exemptions on consumer electronics. The Trump administration temporary tariff exemptions on tech products are providing some short-term relief for the sector however they remain subject to the 20% fentanyl tariffs. The Trump administration is expected to provide additional clarity later today. The dollar remains weak ahead of the ECB meeting later this week where a rate cut is expected. President Trump is scheduled to meet with the president of El Salvador today. The U.S. is scheduled to hold trade talks with the EU and Japan this week. The economic calendar is rather light this morning, later this morning there is a report due out on Consumer Inflation Expectations. Markets are awaiting this morning’s earnings reports from Golman Sachs.
