Outlook 09/28: U.S. stock futures slightly lower on Thursday as surging rates continued to worry investors as they have during what’s been a very weak month and quarter for stocks. The yield on the benchmark U.S. 10-year Treasury hit a fresh 15-year high as data shows a still resilient labor market with jobless claims coming in less than expected. . The stock market has been taking its cues from the bond market lately with any surge in rates raising worries about a recession and sending equities to new lows. The SP500 hit the lowest since June this week as the 10-year yield hit its highest since 2007.
/ESZ23 (Dec 2023): YVAH 4332 YPOC 4314 YVAL 4305 GAP 4320.25
/ES Plan: Yesterday market closed bullish (PBT 4350), but overnight looks slight bearish, moving within previous value, so these're the opening and initial balance options for today:
