Outlook 04/30: U.S. stock futures ticked lower overnight, dipping 0.6%, as investors continue to digest the latest downpour of earnings and economic data. The PCE price index for March increased 0.5% month-over-month and 2.3% on a year-over-year basis. The inflation numbers apparently weren’t as high as feared as the 10-year yield remained flat after the numbers were released. Fed Chairman Jerome Powell told reporters that the central bank would need to see inflation sustained about 2% “for some time” before it moved to rein in its supportive asset purchases and near-zero interest rates
/ESM21: YVAH 4209 YPOC 4204 YVAL 4187 GAP 4200
/ES Plan: Yesterday market closed bullish (PBT 4241), but overnight looks more bearish, moving below yesterday's value, so these are the initial balance options for today:
