Outlook 11/14: U.S. stock futures surged Tuesday as investors cheered the latest U.S. consumer price index report. CPI was flat last month, while economists polled by Dow Jones expected a gain of 0.1% month over month. The report comes as investors weigh the next potential policy move from the Federal Reserve. So-called core CPI, which strips out food and energy prices, was also lower than expected and the slowest in two years. This instilled optimism into the market that the Federal Reserve was finally making headway in its fight against inflation. The 10-year Treasury yield, which shocked stock investors by leaping over 5% in October, tumbled below 4.5% following the soft inflation report.
/ESZ23 (Dec 2023): YVAH 4434 YPOC 4428 YVAL 4416 GAP 4427
/ES Plan: Last session market closed bullish, and overnight, after inflation data, looks more bullish, moving above previous value/range, so these're the opening and initial balance options for today:
