Outlook 11/24: U.S. stock futures rise slightly Friday ahead of a shortened trading session, as the major averages aimed for a four-week winning streak. The moves come as Treasury yields this week hit multi-month lows on hope inflation is cooling and the Federal Reserve may be done raising rates. The problem is that if economic growth remains solid at the current policy interest rate, then almost by definition monetary policy is not restricting the economy, which means the Fed has little reason to cut interest rates. If anything, the rally in bonds and stocks has stimulated the economy and decreased the need for the Fed to ease monetary policy. The U.S. stock market closes at 1 p.m. after being closed Thursday due to the Thanksgiving holiday.
/ESZ23 (Dec 2023): YVAH 4572 YPOC 4567 YVAL 4562 GAP 4569.50
/ES Plan: Yesterday market closed balanced, continues on that way, moving above previous value, so these're the opening and initial balance options for today:
