Outlook 01/08: U.S. stock futures are flat on Monday after its first losing week in 10 as mega-cap tech stocks such as Apple under performed, and Treasury yields rose. Markets consolidated after the year-end rally, following a dovish pivot from Federal Reserve, had investors concerned equities are now overbought. A hot December jobs report, as well as Fed meeting minutes this week that indicated elevated uncertainty around the path of rate cuts, added to those worries. This week, traders will get greater clarity into the path of rate cuts from the central bank. December consumer price index is set for release Thursday, while the producer price index is due out on Friday, will show whether the Fed’s efforts to bring inflation down to its 2% are taking hold.
/ESH24 (MAR 2024): YVAH 4746 YPOC 4738 YVAL 4719 GAP 4737
/ES Plan: Last session market closed balanced, and overnight continues on that way, moving within previous value, so these're the opening and initial balance options for today:
