Outlook 12/19: U.S. stock futures rise slightly higher Tuesday as the market tried to extend its recent rally. Stocks have hit rally mode as of late, with last week’s indication of three likely interest rate cuts from the Federal Reserve in 2024 providing another catalyst for the market. Signs of cooling inflation and a pullback in Treasury yields have also helped risk assets. A light week for economic data and earnings continues Tuesday with preliminary building permits data for November and housing starts. Earnings from FedEx are also on deck after the bell. Atlanta Fed President Raphael Bostic is also slated to speak.
/ESH24 (MAR 2024): YVAH 4800 YPOC 4796 YVAL 4786 GAP 4789.25
/ES Plan: Yesterday market closed bullish (PBT 4823), and overnight continues on that way, moving above previous value, so these're the opening and initial balance options for today:
