The S&P 500 futures currently trade 15 points above fair value.
Just released, the advance goods trade deficit reached $85.9 bln in June, up from a revised $96.4bln (from $96.66 bln) deficit in May.
Advance Retail Inventories were up 0.3% in June after increasing a prior unrevised 0.3% in May, while advance Wholesale Inventories were up 0.3% in June after a prior 0.3% decrease in May.