Outlook 02/27: U.S. stock futures flat Tuesday as the market rally took another breather, with investors looking ahead to key data slated for release later this week. Data from the U.S. Department of Commerce released on Tuesday showed that orders for long-lasting goods declined more than expected in January, with the leading factor being a large drop in demand for transportation. Investors are also watching for more economic data on consumer confidence later Tuesday morning. Those come before January’s reading of the closely watched personal consumption expenditure price index, as well as data on personal income, due later this week. Investors will watch these releases for future clues into the health of the economy and for insights into the path of monetary policy.
/ESH24 (MAR 2024): YVAH 5102 YPOC 5093 YVAL 5086 GAP 5078.75
/ES Plan: Yesterday market closed balanced, but overnight looks slightly bullish, moving within value, so these're the opening and initial balance options for today:
