Outlook 01/22: U.S. stock futures climb as SP500 looks to build on new all-time high. Investors are hoping for a series of benchmark interest rate cuts beginning in March, although they are less sure the initial cut will come to fruition. Investors are now pricing in a roughly 47% chance of a Fed rate cut in March. That marks a steep decrease from 81% a week earlier. Investors will be closely watching a slate of economic reports due out this week, including gross domestic product data on Thursday and the personal consumption expenditures prices on Friday. Both reports could provide insight into how central bank policymakers view monetary policy moving forward.
/ESH24 (MAR 2024): YVAH 4874 YPOC 4868 YVAL 4828 GAP 4871.75
/ES Plan: Last session market closed bullish, and overnight continues on that way, moving above previous value and range, so these're the opening and initial balance options for today:
