Outlook 10/27: U.S. stock futures rise Friday, as the tech-heavy index try to recover some of this week’s steep losses. Amazon also gave a boost to tech-related shares on the back of strong quarterly results. Inflation accelerated in September but consumer spending was even stronger than expected, according to a Commerce Department report Friday. The core personal consumption expenditures price index, which the Federal Reserve uses as a key measure of inflation, increased 0.3% for the month, in line with the forecast and above the 0.1% level for August. Markets mostly shrugged off the report, with futures pointing slightly higher and Treasury yields mixed across the curve.
/ESZ23 (Dec 2023): YVAH 4201 YPOC 4180 YVAL 4165 GAP 4166.25
/ES Plan: Yesterday market closed balanced, but overnight, after PCE, looks slight bullish, moving within previous value, so these're the opening and initial balance options for today:
