Outlook 02/14: U.S. stock futures rise after the biggest decline since March 2023. A hotter-than-anticipated inflation reading incited the sell-off as traders fretted that the Federal Reserve may not cut interest rates as early as they had hoped. The consumer price index gained 0.3% in January on a monthly basis and rose 3.1% year over year. Economists were forecasting a 0.2% month-over-month increase and 2.9% from the prior year. January’s CPI report likely pushes the likelihood of a Fed rate cut to the second half of 2024 versus investors initial expectations of rate cuts as early as March.
/ESH24 (MAR 2024): YVAH 4988 YPOC 4971 YVAL 4957 GAP 4071
/ES Plan: Yesterday market closed bearish, but overnight looks more bullish, moving above value, so these're the opening and initial balance options for today:
