Outlook 12/06: U.S. stock futures rise Wednesday as investors cheered economic data indicating inflation is falling. The advances come on the back of the latest batch of economic data. A drop in labor costs can bode positively for the path of inflation, while a jump in productivity is a good signal for growth and the potential for the economy to cool without a recession. Private payroll data from ADP offered the latest indication that the job market, long considered a pain point for the Federal Reserve, was contracting. The 10-year yield also ticked lower.
/ESZ23 (Dec 2023): YVAH 4578 YPOC 4572 YVAL 4567 GAP 4576
/ES Plan: Yesterday market closed balanced, but overnight, after ADP data, looks bullish, moving above previous value/range, so these're the opening and initial balance options for today:
