Outlook 09/08: U.S. stock futures are little changed on Friday as SP500 heads for losing week. Renewed fears over more rate hikes from the Federal Reserve were further justified as initial jobless claims came in at 216,000, lower than the 230,000 expected. Investors are calling for roughly 1 in 2 odds that policy makers will raise rates in November. Oil prices are higher by more than 2% this week as tighter supply outweighed broader concerns, and added to investor fears that inflation could remain stubbornly high. Federal Reserve officials are signaling that the central bank will likely maintain interest rates at its meeting this month, although they all agree that more needs to be done in the fight against inflation.
/ESU23 (Sep 2023): YVAH 4459 YPOC 4453 YVAL 4443 GAP 4456.75
/ES Plan: Yesterday market closed bullish (PBT 4476), but overnight looks more balanced, moving within previous value, so these're the opening and initial balance options for today:
