Outlook 11/27: U.S. stock futures fall slightly on Monday with market riding a four-week winning streak. The rally has come despite warnings from some U.S. retailers that consumer spending is weakening. Traders will be looking for updates about the start of the holiday shopping season after Black Friday. Weak spending data could suggest that the Federal Reserve’s rate hikes are finally starting to weigh on the broader economy. The week ahead is also a busy one for economic indicators and Fed commentary. On Monday, new home sales and the latest Dallas Fed Manufacturing Survey are due out. Readings for consumer confidence and inflation follow later in the week.
/ESZ23 (Dec 2023): YVAH 4569 YPOC 4566 YVAL 4564 GAP 4568.25
/ES Plan: Last session market closed balanced, but overnight looks slight bearish, moving below previous value, so these're the opening and initial balance options for today:
