Outlook 03/24: U.S. stock futures are looking more positive after a late selloff on Tuesday. Federal Reserve Chairman Powell and Treasury Secretary Yellen will continue their testimony today on Capitol Hill. In their first joint appearance, the pair acknowledged that "asset prices are high," but said that they are not worried about financial stability and the economic recovery "looks to be strengthening." They also emphasized that the $1.9T stimulus package should not lead to a sizable increase in inflation, though if necessary, the central bank has the tools it needs to deal with rising price pressures.
/ESM21: YVAH 3938 YPOC 3926 YVAL 3914 GAP 3904.75
/ES Plan: Yesterday market closed bearish, but overnight looks more bullish (PBT 3936), moving within yesterday's value, so these are the initial balance options for today:
