Morning Notes – Thursday July 16, 2020

Directional Bias For The Day: S&P Futures are lower; The odds are for a down to sideways day; elevated volatility – watch for a break above 3208.25 for change of sentiments Key economic data due: Core Retail Sales (7.3% vs. 5.0% est.; prev. 12.1%) at 8:30 AM Retail Sales (7.5% vs. 5.0% est.; prev. 18.2%)…