Outlook 09/29: U.S. stock futures rise Friday as the latest inflation data gave the market a boost and helped investors make up some ground at the end of a difficult month and quarter. Friday’s personal consumption expenditures price index reading, the Federal Reserve’s preferred inflation metric, helped perk up the market. So-called core PCE, which strips out volatile food and energy prices, rose 0.1% in August and 3.9% year over year. Economists expected that the core PCE would advance 0.2% on a monthly basis and 3.9% year over year. A federal government shutdown is getting slimmer with a pending deadline of 12:01 AM ET on Sunday. Despite potential economic consequences, the SP500 has historically been unaffected during the duration of the shutdowns.
/ESZ23 (Dec 2023): YVAH 4351 YPOC 4336 YVAL 4318 GAP 4338
/ES Plan: Yesterday market closed bullish (PBT 4364), and overnight continues on that way (PBT 4385), moving above previous value/range, so these're the opening and initial balance options for today:
