Outlook 01/23: U.S. stock futures are little changed after new record high. U.S. Treasury yields nudged slightly higher, as market participants await the release of key economic data points later in the week. These moves add to the SP500 advance after the broad market index officially reached bull market territory on Friday, topping both its previous intraday and closing all-time highs from January 2022. Investors are deliberating how long the gains can persist, especially as the rally has centered around tech stocks. The market is priced to perfection right now, so, any kind of shocks could cause some pretty big pullbacks here.
/ESH24 (MAR 2024): YVAH 4889 YPOC 4883 YVAL 4879 GAP 4879.75
/ES Plan: Yesterday market closed balanced, and overnight continues on that way, moving within previous value, so these're the opening and initial balance options for today:
