Outlook 01/09: U.S. stock futures rose Monday after the major averages notched their first big rally of the new trading year. Nonfarm payrolls came in slightly higher than expectations, but wages increased at a slower pace than expected. That, and data showing a contraction in the services sector, heightened hopes that the central bank’s rate hikes are accomplishing their goal. The New York Fed Survey of Consumer Expectations and consumer credit data are due out Monday. Later in the week, investors will look for December’s consumer price index report Thursday and big bank earnings Friday.
/ESH23 (Mar 2023): YVAH 3929 YPOC 3892 YVAL 3864 GAP 3913.50
/ES Plan: Last session market closed bullish, and overnight continues on that way, moving above previous value/range, so these're the opening and initial balance options for today:
