First Look: 2022-07-26

The Walmart news after the bell yesterday has put pressure on S&P 500 futures. Since they are now under 3958.00, I see that as a minor negative that can take ES down to 3941.75 or the 3931.25 to 3928.25 zone before firming up. With all the earnings after the bell and the FOMC tomorrow afternoon, I have difficulty being too bearish. More likely the try t…