Outlook 10/04: U.S. stock futures rise slightly Wednesday as Treasury yields pulled back from multiyear highs following the release of much weaker-than-expected jobs data. ADP said Wednesday 89,000 private payrolls were added last month. That’s well below forecast of 160,000 and fewer than an upwardly revised 180,000 payroll additions from August. The report comes a day after the Labor Department said job openings unexpectedly rose sharply in August. The Job Openings and Labor Turnover Survey results sent a jolt into financial markets, aggravating worries that the Fed will need to keep monetary policy restrictive to control inflation.
/ESZ23 (Dec 2023): YVAH 4293 YPOC 4268 YVAL 4250 GAP 4267.75
/ES Plan: Yesterday market closed bearish (PBT 4200), but overnight looks more bullish (PBT 4308), moving within previous value, so these're the opening and initial balance options for today:
