Outlook 11/30: U.S. stock futures look neutral after inflation data. The personal consumption expenditures price index, the Federal Reserve’s favorite inflation gauge, rose in line with expectations in October, gaining 0.2% for the month and 3.5% on a year-over-year basis. The numbers could provide an incentive for the Fed to hold rates steady, before lowering them in 2024. The major averages remain on track to close November with sizeable gains, which would end a three-month losing streak for the indexes. The SP500 is up 8.5% in November, while the Nasdaq has advanced nearly 11%. Both averages are tracking for their best monthly performance since July 2022.
/ESZ23 (Dec 2023): YVAH 4586 YPOC 4575 YVAL 4562 GAP 4564.75
/ES Plan: Yesterday market closed bearish, but overnight looks balanced, moving withine previous value, so these're the opening and initial balance options for today:
