Outlook 07/07: U.S. stock futures continue the bullish trend in this holiday-shortened trading week. The next catalyst for stocks and bonds, the FOMC Minutes, will be released at 2 p.m. ET. The behind-the-door discussions are expected to be dovish as the central bank remains unconcerned about inflation trends and continues to look for progress in the labor market. Any signals of bond tapering will also be watched, which could signal a retreat from current easy policies.
/ESU21: YVAH 4337 YPOC 4318 YVAL 4312 GAP 4330.25
/ES Plan: Last session market closed balanced, but overnight looks more bullish (PBT 4357), moving a few points above yesterday's value, so these are the initial balance options for today:
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