Outlook 09/23: U.S. stock futures point to a neutral open after a choppy reaction to the Fed yesterday, finishing solidly up, but well off the highs of the day. Investors look to be balancing the positives of the central bank dealing with inflation with the negatives of removing accommodation, even with rates still at zero. As expected from its decision yesterday, members pulled forward rate-hike expectations on the dot plot. And Fed chief Jay Powell telegraphed a tapering announcement at the next meeting in November. Tapering is expected to end around mid-2022 and liftoff could occur after that, although 2023 still seems the most likely timing for the start of rate hikes for now.
/ESZ21: YVAH 4401 YPOC 4388 YVAL 4377 GAP 4386.50
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within Yesterday's value, so these're the opening and initial balance options for today:
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